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When to find C

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  • When to find C

    Hello,
    How would I know that first I need to find C in such kind of problems?

    An insurance company’s monthly claims are modeled by a continuous positive random variable X whose probability density function is proportional to (1+x)^-4 , where 0<x<infinity . Determine company’s monthly claims. (1/2)

    Thanks

    Rup

  • #2
    Since it specifies that the density function is proportional to f(x), you know you need to find C.
    Whether you are the lion or the gazelle, when the sun comes up, you better be running.

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