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Old 06-02-2003, 05:50 PM
kleyden kleyden is offline
 
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Default May 2003, #25
In Professor Broverman's answers, he has that the insurance payment after the deductible is x-C. Shouldn't it be 2x-c?
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Old 06-02-2003, 07:39 PM
john john is offline
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Why should it be 2X - C?
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Old 06-02-2003, 08:22 PM
kleyden kleyden is offline
 
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the problem says the loss amount is 2x for 0<x<1
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Old 06-02-2003, 08:38 PM
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Purple Princess Purple Princess is offline
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The problem says: An insurance policy pays for a random loss X...

X is the loss amount.

f(x) = 2x is the probability density function, used to calculate the probability that X takes on certain values...
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Old 06-03-2003, 09:07 PM
kleyden kleyden is offline
 
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thanks
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