Answer:
a) Arithmetic yₙ = 3*(n - 1) + 13
b) Geometric yₙ = 2*5⁽ⁿ⁻¹⁾
Step-by-step explanation:
Answer:
1 day = 1440min
so 36min of a day = 36/1440 = 1/40
Answer:
0.525 = 52.5%
Step-by-step explanation:
Moment generating function ( Mx(t) ) = ( 4 / 4-t)^3
Reimbursement by Insurer = 70%
<u>Determine the expected reimbursement by insurer for policyholder</u>
d/dx (Mx(t) ) = d/dt ( 4 / 4-t)^3 = d/dt (1 - t/4 )^-3
= 3/4 ( 1 - t/4 )^-4 = 3/4
as t → 0
Given that the insurer reimburses 70% = 0.7
expected reimbursement = 0.7 * 3/4 = 0.7 * 0.75 = 0.525
Answer: 69%
Step-by-step explanation:
16820x100= 1682000
1682000÷24365=69.033
