Mathematics, 08.11.2019 06:31 alaina3792
The annual premium of a special kind of insurance starts at $1 and is reduced by 10% after each year where no claim has been filed. the probability that a claim is filed in a given year is 0.07, independently of preceding years. what is the pmf of the total premium paid up to and including the year when the first claim is filed?
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The annual premium of a special kind of insurance starts at $1 and is reduced by 10% after each year...
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