an insurance company offers its policyholders a number of different premium payment options. for a randomly selected policyholder, let x be the number of months between successive payments. the cumulative distribution function of x is



Answer :

The cumulative distribution function of x is 0.60.

Here X has discrete probability distribution.

[tex]$\begin{aligned}&\mathrm{P}(\mathrm{X}=1)=0.30 \\&P(X=3)=F(3)-F(1)=0.40-0.30=0.10 \\&P(X=4)=F(4)-F(3)=0.45-0.40=0.05 \\&P(X=6)=F(6)-F(4)=0.60-0.45=0.15 \\&P(X=12)=F(12)-F(6)=1-0.60=0.40\end{aligned}$[/tex]

Following table shows the pmf:

X P(X=x)

1 0.3

3 0.1

4 0.05

6 0.15

12 0.4

Following is the graph of CDF is [SEE in attachement]

[tex]$P(3 \leq X \leq 6)=F(6)-F(1)=0.60-0.30=0.30$P(X \geq 4)=1-F(3)=1-0.40=0.60$[/tex]

The probability function that X will have a value less than or equal to x is known as the Cumulative Distribution Function (CDF) of a real-valued random variable X, evaluated at x. It is employed to describe a table's random variables' probability distribution.

To learn more about Cumulative Distribution Function  visit:https://brainly.com/question/15353924

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