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Question 1 of 1 An automobile owner has 40% chance of having exactly one accident in a year and 60% chance of having no
Posted: Sun Oct 03, 2021 12:38 pm
by answerhappygod
- Question 1 Of 1 An Automobile Owner Has 40 Chance Of Having Exactly One Accident In A Year And 60 Chance Of Having No 1 (38.96 KiB) Viewed 119 times
Question 1 of 1 An automobile owner has 40% chance of having exactly one accident in a year and 60% chance of having no accidents in a year. There is no chance that the automobile owner incurs more than one accident in a year. If there is an accident, the loss amount has the following distribution: 30 Loss Amount Probability 0.30 0.15 100 0.45 180 0.10 60 Suppose there is an ordinary deductible of $40 and the maximum payment by the insurer is $130. Determine the standard deviation of the payment made by the insurer to the automobile owner. A 32.44 B 33.60 с 34.77 D 26.78 E 27.43 NEXT