Exam P Practice Question 904
Study guide: Exam P-1
A discrete random variable X has the following distribution:
P[X=1/6] = 1/3, \quad P[X=1/4] = 1/4, \quad P[X=1/3] = 5/12
An insurer pays a benefit equal to 2X - 1/2 if X \geq 1/4, and 0 otherwise.
Calculate the expected benefit paid by the insurer.
- A)
0 - B)
1/72 - C)
5/72 - D)
1/12 - E)
5/6
Answer this question and see the worked solution