Question 3
Here sum of probability of any kind of demand is equal to 1.
Pr(High Demand) + Pr(Normal Demand) + Pr(Low Demand) = 1
Pr(High Demand) + 0.50 + 0.35 = 1
Pr(High Demand) = 0.15
Probability of high demand is equal to 0.15.
insurance as High (Normal (N) or Low (L). The probubility oflow demand this yer is 035...
An insurance company offers four different deductible levels-none, low, medium, and high-for its homeowner's policyholders and three different levels-low, medium, and high -for its automobile policyholders. The accompanying table gives proportions for the various categories of policyholders who have both types of insurance. For example, the proportion of individuals with both low homeowner's deductible and low auto deductible is 0.07 (7% of all such individuals). Auto 0.05 0.20 0.15 Suppose an individual having both types of policies is randomly selected....
#6. A car insurance company has high-risk, medium-risk, and low-risk clients, who have, respectively, probabilities.04,.02, and.01 of filing claims within a given year. The proportions of the numbers of clients in the three categories are .15, .25, and.60, respectively (a) What is the probability that a random client doesn't file a claim? (b) What proportion of the claims filed each year come from high-risk clients? (c) What is the probability that a random client who didn't file a claim is...
15.Demand tends to be more elastic when A. price is high, and more inelastic when price is low. B. price is low, and more inelastic when price is high. C. the demand curve is very steep. D. the quantity demanded is larger. 16.If increasing the admission charge for National Parks increases the National Park Service’s total revenue, then the demand for National Park visits is A.inelastic. B.elastic, but not perfectly elastic. C.perfectly elastic. D.a perfectly horizontal line. 20. When consumers’...
3. As part of the underwriting process for insurance, each prospective policyholder is tested for high cholesterol. Let r represent the number of tests completed when the first person with cholesterol is found. The expec of Y is 3.5. Calculate the probability that the tenth person tested is the third one with high cholesterol. 4. Vehicle speed on a freeway, where speed limit is 70 miles per hour. follows a normal distribution with a mean of 73 miles per hour...
B C. D. high temperature, high pressure l ow temperature, high pressure high temperature, low pressure low temperature, low pressure none of these, unless a catalyst is present The following reaction is at equilibrium at one atmosphere, in a closed container NaOH(s) + CO2(g) + NaHCO3) 34. А. B. C. D. Which, if any, of the following actions will decrease the total amount of Cogas present at equilibrium? adding N, gas to double the pressure adding more solid NaOH decreasing...
n - sample size N-population size f-freqgueney Chapter 2 Chapter 5 high -low number classes Probability of the complement of event a -PLAY (increase to next integer) Class width Multiplication rule for independent events 2 P[A and B)-PLAYPB lss midpoint - Upper limit + lower limit MTH 23 Form D Final Exam- Page 6 of 9 5. (19 points) Th fuel economy is normally distributed with mean (a) (10 points) What is the probability th at least 24 mpg? e...
Refer to the following program sample to answer the parts (a-i) below. Keep in mind that low and high are both indices of array A. /1 Assume that A is a sorted array containing N integers // Assume that x is a variable of type int int low= 0; // Line 1 int high- N; // Line 2 while (low- high) I/ Line 3 m- (lowthigh)/2; // Line 4 (This is integer division) if (A [m]<) I/Line 5 then low-...
Question 5+ The income and education level of each person on the electoral roll for Queanberra is recorded as a pair (x, y) E 1,2,3)2, where 1 stands for low, 2 for average, and 3 for high, e.g. (2,3) represents a highly educated person with average income. Let S denote the set of all people on the Queanberra electoral roll, and define random variables X, Y : S → { 1,2,3) by X(s),y(s) are the income and educational levels of...
Question 5+ The income and education level of each person on the electoral roll for Queanberra is recorded as a pair (x, y) E 1,2,3)2, where 1 stands for low, 2 for average, and 3 for high, e.g. (2,3) represents a highly educated person with average income. Let S denote the set of all people on the Queanberra electoral roll, and define random variables X, Y : S → { 1,2,3) by X(s),y(s) are the income and educational levels of...
In ECG readout circuit, find the value of R, L, C in low pass
filter and high pass filter that will show the least noise and the
greatest wave form on oscillator. Determine and change the value of
each component(R,L,C) in both circuit that will work in the real
world by looking at two diagram
Low pass filter, (when R=10k, fcl should become
159Hz)
High pass filter (when C=1uF, fch should be 5Hz)
C4 1uF R10 R11 Ub 10k 10k...