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Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $310, the probability of...
please hightlight the answers Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is...
please hightlight the answers
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $200, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $190,000 a. Make a table of the two possible payouts on each policy with the probability of each. Outcome A: No Fire $ o Outcome B: Fire! 190,000 Payout b. Suppose you own the entire firm, and the company...
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $300, the probability of...
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $300, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $290,000. a. Make a table of the two possible payouts on each policy with the probability of each. b. Suppose you own the entire firm, and the company issues only one policy. What are the expected value, variance and standard deviation of your...
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $270, the probability of...
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $270, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $260,000. a. Make a table of the two possible payouts on each policy with the probability of each. b. Suppose you own the entire firm, and the company issues only one policy. What are the expected value, variance and standard deviation of your...
I really need a help with it please. Thank you. Neighborhood Insurance sells fire insurance policies to local ho...
I really need a help with it please. Thank you.
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $170, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $160,000 a. Make a table of the two possible payouts on each policy with the probability of each Answer is complete but not entirely correct. Outcome Outcome Fire! No Fire 170 Payout $...
This is the Full Question. There are not anymore details. Neighborhood Insurance sells fire insurance policie...
This is the Full Question. There are not anymore details.
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $360, the probability of a fire is 01%, and in the event of a fire, the insured damages (the payout on the policy) will be $350,000 a. Make a table of the two possible peyouts on each policy with the probability of each, Outcome A: No Fire Outcome B: Fire! Payout b. Suppose you own the entire firm,...
I really need help with this question
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $210, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $200,000.a. Make a table of the two possible payouts on each policy with the probability of each.b. Suppose you own the entire firm, and the company issues only one policy. What are the expected value, variance and standard deviation of your profit?c. Now suppose your company...
An insurance company has 10,000 outstanding fire policies. For each policy, there is an expected claim...
An insurance company has 10,000 outstanding fire policies. For each policy, there is an expected claim of $100 with a standard deviation of $400. The individual claims are independent random variables. What is the probability that the total of all claims exceeds $1,100,000.
Answer please for test reveiw Name: 1. The cumulative probability distribution shows the probability: (a) that a ra...
Answer please for test reveiw
Name: 1. The cumulative probability distribution shows the probability: (a) that a random variable is less than or equal to a particular value. (b) of two or more events occurring at once. (c) of all possible events occurring. (d) that a random variable takes on a particular value given that another event has happened 2. To standardize a variable you (a) subtract its mean and divide by its standard deviation. (b) integrate the area below...
1. Statistical measures of standalone risk Aa Aa Remember, the expected value of a probability distribution...
1. Statistical measures of standalone risk Aa Aa Remember, the expected value of a probability distribution is a statistical measure of the average (mean) value expected to occur during all possible circumstances. To compute an asset's expected return under a range of possible circumstances (or states of nature), multiply the anticipated return expected to result during each state of nature by its probability of occurrence. Consider the following case: Tyler owns a two-stock portfolio that invests in Celestial Crane Cosmetics...
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 19-year-old...
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 19-year-old female for $220. The probability that the female survives the year is 0.999554, Compute and interpret the expected value of this policy to the insurance company The expected value is $ . (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $153.10 on...
please hightlight the answers
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $200, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $190,000 a. Make a table of the two possible payouts on each policy with the probability of each. Outcome A: No Fire $ o Outcome B: Fire! 190,000 Payout b. Suppose you own the entire firm, and the company...
I really need a help with it please. Thank you.
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $170, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $160,000 a. Make a table of the two possible payouts on each policy with the probability of each Answer is complete but not entirely correct. Outcome Outcome Fire! No Fire 170 Payout $...
This is the Full Question. There are not anymore details.
Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $360, the probability of a fire is 01%, and in the event of a fire, the insured damages (the payout on the policy) will be $350,000 a. Make a table of the two possible peyouts on each policy with the probability of each, Outcome A: No Fire Outcome B: Fire! Payout b. Suppose you own the entire firm,...
Answer please for test reveiw
Name: 1. The cumulative probability distribution shows the probability: (a) that a random variable is less than or equal to a particular value. (b) of two or more events occurring at once. (c) of all possible events occurring. (d) that a random variable takes on a particular value given that another event has happened 2. To standardize a variable you (a) subtract its mean and divide by its standard deviation. (b) integrate the area below...
1. Statistical measures of standalone risk Aa Aa Remember, the expected value of a probability distribution is a statistical measure of the average (mean) value expected to occur during all possible circumstances. To compute an asset's expected return under a range of possible circumstances (or states of nature), multiply the anticipated return expected to result during each state of nature by its probability of occurrence. Consider the following case: Tyler owns a two-stock portfolio that invests in Celestial Crane Cosmetics...
Suppose a life insurance company sells a $150,000 one-year term life insurance policy to a 19-year-old female for $220. The probability that the female survives the year is 0.999554, Compute and interpret the expected value of this policy to the insurance company The expected value is $ . (Round to two decimal places as needed.) Which of the following interpretation of the expected value is correct? O A. The insurance company expects to make an average profit of $153.10 on...
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