Mixed Random Variable: Payment Random Variable w/ Deductible (Loss Random Variable is Uniform)
Mixed random variable example: let X be a loss random variable which is uniform on (0,1000). Let Y be the insurance payment for X with a deductible of 100. Then Y is a piecewise function of X and has a mixed distribution (partially discrete and partially continuous). What is the CDF of Y? What is the mean of Y? https://amzn.to/3rjDOoA (Probability and Statistics with Applications: A Problem Solving Text, by Asimow and Maxwell)
#probability #randomvariable #probabilitydistribution
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