Mathematics, 26.06.2020 20:01, sadieanngraham15
An insurance policy pays 100 per day for up to 3 days of hospitalization and 50 per day for each day of hospitalization thereafter. The number of days of hospitalization, X, is a discrete random variable with probability function
P (X = k) = ((6-k)/15), for k=1, 2, 3, 4, 5
0, otherwise
Determine the expected payment for hospitalization under this policy
Answers: 2
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An insurance policy pays 100 per day for up to 3 days of hospitalization and 50 per day for each day...
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