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# FRST231 Discrete Random Variable

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## Questions:

1. A shipment of 7 computers contains 2 defective units. A forestry company makes a random purchase of 3 of the units. If X is the number of defective units purchased by the company, find the probability distribution of X. Express the results graphically as a probability bar graph.

2. A potential customer for a \$90,000 fire insurance policy possesses a home in an area which, according to experience, may sustain a total loss in a given year with probability of 0.001and a 50% loss with probability 0.01. Ignoring all other partial losses, what premium should the insurance company charge for a yearly policy to make 10% above the break-even point?

### Cite This Work

My Assignment Help (2021) Discrete Random Variable [Online]. Available from: https://myassignmenthelp.com/free-samples/frst231-discrete-random-variable/expected-amount.html
[Accessed 16 April 2021].

My Assignment Help. 'Discrete Random Variable' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/frst231-discrete-random-variable/expected-amount.html> accessed 16 April 2021.

My Assignment Help. Discrete Random Variable [Internet]. My Assignment Help. 2021 [cited 16 April 2021]. Available from: https://myassignmenthelp.com/free-samples/frst231-discrete-random-variable/expected-amount.html.

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