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Question 2
0.121
0.967
$13.90
Yes, because the probabilities sums to 1.
The insurance company can expect to pay Ted $900.
not enough information to solve this.
$1.83
0.35
Question 4b
0.121
0.967
$13.90
Yes, because the probabilities sums to 1.
The insurance company can expect to pay Ted $900.
not enough information to solve this.
$1.83
0.35
Question 5b
0.121
0.967
$13.90
Yes, because the probabilities sums to 1.
The insurance company can expect to pay Ted $900.
not enough information to solve this.
$1.83
0.35
Question 1b
0.121
0.967
$13.90
Yes, because the probabilities sums to 1.
The insurance company can expect to pay Ted $900.
not enough information to solve this.
$1.83
0.35
Question 3
0.121
0.967
$13.90
Yes, because the probabilities sums to 1.
The insurance company can expect to pay Ted $900.
not enough information to solve this.
$1.83
0.35
Question 5d
0.121
0.967
$13.90
Yes, because the probabilities sums to 1.
The insurance company can expect to pay Ted $900.
not enough information to solve this.
$1.83
0.35
Question 5c
0.121
0.967
$13.90
Yes, because the probabilities sums to 1.
The insurance company can expect to pay Ted $900.
not enough information to solve this.
$1.83
0.35
Question 6
0.121
0.967
$13.90
Yes, because the probabilities sums to 1.
The insurance company can expect to pay Ted $900.
not enough information to solve this.
$1.83
0.35
Check it!