An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number of moving violations for which the individual was cited during the past 3 years. The pmf of Y is:


y 0 1 2 3
P(y) 0.50 0.25 0.20 0.05

Required:
a. Compute E(Y) and V(3Y−10)
b. Suppose an individual with Y violations incurs a surcharge of $(95Y2−25). Calculate the expected amount of the surcharge.
c. What is the standard deviation of surcharges?

Answers

Answer 1

Answer:

a.

E(y)=0.8

V(3y-10)=7.74

b.

The expected amount of surcharge is 117.5.

c.

The standard deviation of surcharges is 217.6723.

Step-by-step explanation:

a.

y          0      1      2    3

p(y)    0.5 0.25 0.2 0.05

y*p(y)  0    0.25 0.4 0.15

E(y)=sum(y*p(y))=0+0.25+0.4+0.15

E(y)=0.8.

y²          0      1      4    9

y²p(y)   0 0.25 0.8 0.45

V(y)=E(y²)-[E(y)]²

E(y²)=sum(y²*p(y))=0+0.25+0.8+0.45=1.5

V(y)=E(y²)-[E(y)]²

V(y)=1.5-[0.8]²

V(y)=1.5-0.64

V(y)=0.86

V(3y-10)=9V(y)=9*0.86=7.74

V(3y-10)=7.74

b.

E(95Y²-25)=95E(Y²)-25=95*1.5-25=142.5-25=117.5

E(95Y²-25)=117.5

The expected amount of surcharge is 117.5.

c.

SD(95Y²-25)=?

SD(95Y²-25)=√V(95Y²-25)

V(95Y²-25)=95²*V(Y²)

V(95Y²-25)=9025*V(Y²)

V(Y²)=E[(Y²)²]-[E(Y²)]²

y^4          0      1      16    81

y^4*p(y)   0  0.25   3.2 4.05

E[(Y²)²]=sum(y^4*p(y))=7.5

V(Y²)=E[(Y²)²]-[E(Y²)]²

V(Y²)=7.5-[1.5]²

V(Y²)=7.5-2.25

V(Y²)=5.25

V(95Y²-25)=9025*V(Y²)

V(95Y²-25)=9025*5.25

V(95Y²-25)=47381.25

SD(95Y²-25)=√47381.25

SD(95Y²-25)=217.6723

The standard deviation of surcharges is 217.6723.


Related Questions

Kevin spent $250 at plaza extra. this was 16 dollars less than twice what he spent at cost-u-less. how much did he spend at Cost-u-less explain and show work​

Answers

it should be $133 dollars.

250 + 16 = 266
266 divided by 2 is 133

Solve 6b - 1 = 2/3b + 11 for b.

Answers

Answer:

exact form B= 9/4

decimal form B= 2.25

mixed number form 2 ¼

Which expression has a positive quotient?

Answers

Answer:

where are the expressions?

Step-by-step explanation:

A customer buys 5 books at a bookstore for a total cost of $65. If all the books cost the same amount, how much does 1 book cost?

Answers

Answer:

13

Step-by-step explanation:

Cost of 5 books = $65

So, cost of 1 book = $65 ÷ 5

                              = $13

The cost of one book is $13.

What is unit rate?

A unit rate means a rate for one of something.

Given that, A customer buys 5 books at a bookshop for a total cost of $65.

Cost of 5 books = $65

So, cost of 1 book = $65 ÷ 5

= $13

Hence, The cost of one book is $13.

For more references on unit rates, click;

https://brainly.com/question/11258929

#SPJ2

Help ( i'm real dumb ) : (

Answers

Answer:

ALICE(-3,-6) QUADRANT III

DAVE (-11,5) QUADRANT II

SASHA (12,10) QUADRANT I

MARY (8,-7) QUADRANT IV

Step-by-step explanation:

I’ll answer this so you can give the person above the brainliest btw they are correct I just checked

Help me out pleaseeeeeeeeee

Answers

Answer:

ANSWER IS B

Step-by-step explanation:

Answer: 1 1/5

Step-by-step explanation:

3/5x4=2 2/5

2 2/5 divided by 2

=1 1/5

someone help me.... if u guys geniussssss​

Answers

Answer: For a) the Factor is (x+2) (x+1)

Step-by-step explanation: Because (x+2) multiplied by (x+1) gives you x2 + 3x +2.

I don't know your language so I don't know if that was the question or what the other questions were asking, but that's the best I can do

Which expression is equivalent to 27 + 45?

Question options:

1)

8(3 + 6)

2)

8(19 + 37)

3)

9(3 + 5)

4)

9(18 + 36)

Answers

Answer:

Step-by-step explanation:

li boa yerrmeee

The table shows the lengths of four trails at a horseback riding camp. The estimated length of all four trails is 12 miles. Find a possible length for trail D. Show your work.

Answers

Answer:

Step-by-step explanation:

2.6 plus 1.8 plus 4.2 is 8.6. subtract this from 12 to get your answer of 3.4

If the estimated length of all four trails is 12 miles the possible length for trail D will be 3.4 miles.

What is an arithmetic operation?

It is defined as the operation in which we do the addition of numbers, subtraction, multiplication, and division. It has basic four operators that are +, -, ×, and ÷.

Terms are similar, and we can perform arithmetic operations on them like addition and subtraction.

It is obtained from the table that the length of trails A, B, and  C will be 2.6, 1.8, and 4.2 miles.

It is given that the estimated length of all four trails is 12 miles the length of Trail D is obtained by adding all the given lengths of the trails and subtracting it from the total length.

= 2.6 + 1.8, + 4.2 miles.

= 8.6 miles

The length of trail D is,

= 12 miles - 8.6 miles

= 3.4 miles.

Thus, if the estimated length of all four trails is 12 miles the possible length for trail D will be 3.4 miles.

Learn more about the arithmetic operation here:

brainly.com/question/20595275

#SPJ2

Can you help me ??


Jon earns $13.75 per hour at his landscaping job. If the hours he works is represented by the
variable h, then which equation below could be solved to find out how many hours he must
work to earn $50

Answers

Answer:

hi

Step-by-step explanation:

how are ya

Select all of the expressions that are equal to the product of 10x9 and (60x–6)–1. Assume X ≠ 0.

Answers

Answer: a and c

Step-by-step explanation:

Answer:

A and C for edge

Step-by-step explanation:

Got it right :)

Divide. Write the quotient in lowest terms.
1
Col
What is 1/4 divided by 1 1/8

Answers

Answer:

2/9 or 0.222.

Step-by-step explanation:

A deck of cards contains 5 red cards and 3 orange cards. What is the probability that a card picked at random is red?

Answers

60% chance i think tell me if right or wrong

Kelly bought 302 sheets of stickers. Each sheet had 13 stickers. She gave away 808 stickers to her friends. How many stickers does Kelly have remaining?

Answers

Answer:

3118 stickers left

Step-by-step explanation:

302(sheets)

*  13(stickers)

3926(how many she has in total)

- 808(how many she gave away)

3118 (how may Kelly has remaining)

me me me me me me me me me me me pls

Answers

Answer:

Yes

Step-by-step explanation:

it is porportional

Answer:

yes it is proportional  i agree with  he or she they are correct as well

Step-by-step explanation:

Enter your answer and show all the steps that you use to solve this problem in the space provided.

Solve the equation. Explain each step and identify the property used to reach each step.

0.6x + 0.8 = 1.4
I need all the steps

Answers

Answer:

The steps are below. Thanks.

Step-by-step explanation:

Equation= 0.6(1)+0.8=1.4

1. Calculate the product. Any expression multiplied by 1 remains the same.

0.6×1+0.8 to 0.6+0.8

2. Calculate. Add the numbers.

0.6+0.8 to 1.4

3. Answer found!

1.4

Alternative Form of the final answer 1.4 could be: 7/5 or 1 2/5.

Hope this helps and if you could mark me as brainliest. Thanks!

What is 10% of 80? Use any strategy to help you.

Answers

Answer: 8

Step-by-step explanation: Cross multiply 10% over 100 (10%/100) and x over 80 (x/80) you will get 8 as the result.

What is 10% of 80
10% of 80=8
Your answer is 8
Answer: 8

A stationer sold 1 dozen of pen at the rate of Rs.25 each and gained Rs.120 altogether.how much was the cost price of the pens​

Answers

Answer:

Rs.15

Step-by-step explanation:

The stationer sold 1 dozen of pens, meaning he sold 12 pens.

He gained Rs.120, meaning he gained Rs.(120/12) = Rs.10 for each pen.

Hence, the cost price was Rs.(25 - 10)

= Rs.15

Hope this helped!

Lisa paid $43.95 for 16.1 gallons of gasoline. What was the cost per gallon rounded to the nearest hundredth?

Answers

Answer$ 2.73 per gallon

Step-by-step explanation:

Answers must be in standard form:
(K+4)(3k+2)

Answers

Answer:

3kK+2K+12k+8

Step-by-step explanation:

Answer:

k3-k4

Step-by-step explanation:

PLEASE HELP SLOVE DUE TODAY!!!

Answers

Answer:

69

Step-by-step explanation:

3
Which is the greatest fraction? Circle your answer.
3
100
3
1000
3
500
How do you know?

Answers

Answer:

3/100

Step-by-step explanation:

If the numerators are the same then the smallest denominator is the biggest fraction.

Arrange the four expressions in ascending order of their values when x = -2.

Answers

Answer:

3-1 2-4 1-3 4-2

Step-by-step explanation:

Which correctly describes how the graph of the inequality by 6y - 3x > 9 is shaded?

Above the solid line

Below the solid line

Above the dashed line

Below the dashed line

Answers

Answer:

Above the dashed line.

Step-by-step explanation:

Greater than means the colored area goes above the line. And since it is not "greater than or equal to" it is a dashed line.

Answer:

above

Step-by-step explanation:

Factor.
x² – x - 2
How to factor these numbers

Answers

the factors of this mathematical term is (x-2)(x+1)^2

Sophia is signing up for a gym membership with a one-time fee to join and then a monthly fee to remain a member. The one-time fee to join the gym is $100 and the total cost of membership, including the joining fee, would be $300 for 5 months. Write an equation for C,C, in terms of t,t, representing the total cost of the gym membership over tt months.

Answers

Answer:

40t+100

Step-by-step explanation:

The equation that represents the total cost of the gym membership over t months is C = 40t + 100.

What is a linear equation?

It is defined as the relation between two variables, if we plot the graph of the linear equation we will get a straight line.

If in the linear equation, one variable is present, then the equation is known as the linear equation in one variable.

It is given that:

Sophia is signing up for a gym membership with a one-time fee to join and then a monthly fee to remain a member.

The one-time fee to join the gym is $100 and the total cost of membership, including the joining fee, would be $300 for 5 months

Based on the data given in the question:

The linear equation can be framed as follows:

C = 40t + 100

Here C represents the total cost of the gym membership over t months.

Thus, the equation that represents the total cost of the gym membership over t months is C = 40t + 100.

Learn more about the linear equation here:

brainly.com/question/11897796

#SPJ2

Skylar is driving on a long road trip. She currently has 9 gallons of gas in her car. Each hour that she drives, her car uses up 1 gallon of gas. How much gas would be in the tank after driving for 5 hours? How much gas would be left after tt hours?

Answers

Answer:

4 gal after 5 hours

Step-by-step explanation:

y = 9 - x

y = 9 - 5

Y = 4

Stella graphs the equation y=13x–2 .


Select all statements about Stella's graph that are true.

a)The graph is a straight line.

b) The line passes through the origin.


c) The line passes through the point (0, −2) .


d) The slope of the line is 3.


e) The y-intercept of the line is 2.

Answers

Answer:

Option A and C are correct

Step-by-step explanation:

I took the quiz on k12

Answer:

option A and c are correct thankes to the person before me

Step-by-step explanation:

I got it right on my quiz

Suppose the radius of the cylinder is decreasing at a rate of 2 cm/sec, but the volume is constant. How fast is the height changing when the radius is 10 cm and the height is 35 cm? Include units with your answer. Hint: If the volume is constant, what do you know about the rate of change of the volume?

Answers

The height changing at "14 cm/s".

According to the question,

r = 10 cmh = 35 cm[tex]\frac{dr}{dt} = -2 \ cm/s[/tex]

As we know the formula,

[tex]V = \pi r^2 h[/tex]

then,

→ [tex]\frac{dv}{dt} = \pi [2r\frac{dr}{dt} h+ r^2 \frac{dh}{dt} ][/tex]

→   [tex]0 = \pi [2 \pi h\frac{dr}{dt} + r^2 \frac{dh}{dt} ][/tex]

By substituting the given values,

→ [tex]0 = 2\times 10\times 35\times (-2)+(10)^2\times \frac{dh}{dt}[/tex]

  [tex]\frac{dh}{dt} = \frac{2\times 10\times 35\times 2}{10\times 10}[/tex]

  [tex]\frac{dh}{dt} = \frac{140}{10}[/tex]

  [tex]\frac{dh}{dt} = 4 \ cm/s[/tex]                                  

Thus the answer above is right.

Learn more about radius here:

https://brainly.com/question/14310098

Samantha is making lemonade for her friends. The recipe makes 2 quarts of lemonade. Samantha says that 2 quarts will make 4 cups of lemonade, just enough for each of her friends to have one cup. Is she correct? Justify your thinking.


brainliest will be given to the first one who answers correctly please answer asap!

Answers

Answer:

Not enough info given. How many friends are there? if she has 3 friends over then yes because she will have enough lemonade for all of her friends and her to have 1 cup of lemonade. If she has more than 3 friends over, then no will not, she will have to double the recipe to assure there is enough.

Step-by-step explanation:

I hope this helps somewhat. Sorry if it's not correct

Other Questions
Help with this one question please Jenna collected data on how many CDs her friends owned and how many hours per week they listened to music. Her data is shown in the table.CDs Owned 15/15/8/18/11Hours Listened 7 8 5 10 9Which scatter plot correctly represents this data?.newCDS Ow12 16CDs Owned.OD.CDs OwnedCDs Owned 4.PART A: Which of following statements best summarizes the author's main purpose?A. The author's purpose is to explain the fascinating history and culture of theWampanoags.B.The author's purpose is to share a story of Thanksgiving with key details aboutthe Indians that are often left out of history.C. The author's purpose is to convince the reader that Pilgrims were responsiblefor the death of many of the Wampanoag.D. The author's main purpose is to explain that telling the old Thanksgiving story iswrong, because the Pilgrims actually had many Thanksgivings each year.i cant tell if it putting more than one picture or not so idk what thats like 1 .Read:(Leia) Peter's Family... Hi,my name is Peter. I am twelve years old.I'mfrom in Albany city.This is a photo of my family.This is my father. His name isPaul. My mother's name is Caterine.This is my sister.Her name isSandra.Her nickname is San.The young boy is my brother. His name isDaniel. Com base, no texto,responda: " Peter is (Peter tem) *O Twelve years oldOThirteen years oldOFourteen years oldO Sixteen years old What percent of the model is shaded? What is the equivalent ratio? What is the equivalent decimal? What is the equivalent fraction? jeremy can row 1/3 of a mile in 1/4 of an hour what is the unit rate line a passes through the points (-1,0) and (3,-8)whats the slope? Which of the following expressions are used to indicate:"Go ahead." or "After you."Igualmente.Por favor.Mucho gusto.Pase usted. Danielle has $20 more than her sister has, X. Write an equation to find y, the amount ofmoney Danielle has. Plz dont take s these points if u dont know how to do these math I just need help I wanna pull up my grade :( i currently have alot of points im only giving out a little but i will give thanks, brainliest, and 5 star what is the definition of Mesopotamian Farmers? What percent of 50 is 15? A. 4% B. 25% C. 30% D. 15% Why did abolitionism and the prospect of the emancipation of enslaved people lead to conflict between Northern and Southern states? (abolitionism, emancipation) What was true of ancient Persian society?Zoroastrianism was the only religion allowed.Women had less independence than in other places.Slavery was widely practiced throughout the empire. People were born into a certain level of the community. kelp forest could help protect the ocean animals from ocean acidification what evidence supports this claim and explain why the evidence supports the claim Please help me ;-; it's almost due!!!The Great Awakening was a period in which people began to question traditional authority in both politics and religion. For this assignment, answer the following questions. Each question should be answered in at least two complete sentences. Be sure to use proper spelling, grammar, and punctuation in your work.1. Thomas Hobbes, John Locke, Charles de Montesquieu, and Jean-Jacques Rousseau were all philosophers who wrote about ideas that would later be used in the government of the United States. Which idea or concept do you feel is the most important and why?2. Jonathan Edwards and George Whitefield were the two most prominent preachers during the Great Awakening. Who do you feel was more impactful and why?3. Not everyone was in favor of the changes that occurred during the Great Awakening. Why would a minister or person be against religious changes in the colonies?4. The Great Awakening prepared people for the revolution during the 1770s. How were people prepared, and why did this happen in the colonies? _____ provide energy to the body by helping the body use protein and fat efficiently.CarbohydratesLiquidsLipidsVitamins and minerals The cost of setting the type for a pamphlet is $15 and the cost of paper and printing is 25 cents per copy .How much will it cost for 200 copies which of the following best describes the tone of the preamble.A. MelancholicB. ObjectiveC. HopefulD. Authoritative