Ask Experts Questions for FREE Help !
Ask
    ooooo1's Avatar
    ooooo1 Posts: 4, Reputation: 1
    New Member
     
    #1

    Dec 9, 2010, 02:30 PM
    probability
    A company offers a basic life insurance policy to its employees, as well as a supplemental life insurance policy. To purchase the supplementa policy, an employee must first purchase the basic policy. Let X denote the proportion of employees who purchase the basic policy, and Y the proportion of employees who purchase the supplemental policy. Let X and Y have the joint density function f(x,y)= 2(x+y). Given that 10% of the employees buy the basic policy, what is the probability that fewer than 5% buy the supplemental policy?
    galactus's Avatar
    galactus Posts: 2,271, Reputation: 282
    Ultra Member
     
    #2

    Dec 10, 2010, 02:18 PM
    This looks like an actuary problem.

    Anyway, the jpf is 2(x+y),

    0<y<x<1 (why?).









    Finish the integration and you have it.
    ooooo1's Avatar
    ooooo1 Posts: 4, Reputation: 1
    New Member
     
    #3

    Dec 11, 2010, 09:05 AM
    Comment on galactus's post
    Thank u very much

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

What is the probability [ 1 Answers ]

A box contains 6 red and 1 blue balls. A second box contains 1 red and 4blue balls. One ball is removed from each box at random without replacement. All the remaining balls are put into the third box. What is the probability that a ball drawn randomly from the third box is blue?

Probability [ 4 Answers ]

I have four formulas for probability. They are: P (A or B) = P(A) + P(B) - Mutually exclusive P(A1), P(A2),. P(An) = 1 - Mutually exclusive and exhaustive P (A and B) = P(A) x P(B) - Independent P (A and B) = P(A) x P(B|A) - Conditional probability I have all these formulas but when I look...

Geometric probability, conditional probability with area of square [ 2 Answers ]

Chose a point at random in a square with sides 0<x<1 and 0<y<1. Let X be the x coordinate and Y be the y coordinate of the point chosen. Find the conditional probability P(y<1/2 / y>x).

Probability Help [ 2 Answers ]

Hello, I am trying to figure out if I did my homework correctly. The question is: Consider the experiment of rolling two dice. The outcome on each die can be any number of dots from 1 to 6. The dice are specially manufactured such that the probability of an even number (of dots) is twice that...


View more questions Search