Individual claim sizes may be modeled by a uniform distribution function on the interval [$1000, $5000]....
Individual claim sizes may be modeled by a uniform distribution function on the interval [$1000, $5000]. Eighty claims are examined. Assume claims are independent.
What is the approximate probability that total claims will be between $250,000 and $300,000?
a) 17%
b) 34%
c) 50%
d) 84%
e) 97%
Homework Answers
Add Answer to:
Individual claim sizes may be modeled by a uniform distribution
function on the interval [$1000, $5000]....
info here is given to help solve #3 below this photo: You may use any computer...
info here is given to help solve #3 below this photo:
You may use any computer software of your choice to complete this assignment Random variables from the four probability distributions given may be generated as follows 1. A standard uniform random variable, U in the interval (0,1), i.e., U ~ U (0,1), may be generated using the Matlab function 'rand'. The corresponding uniform random variable, X in the interval (-1,1) may be obtained as X 2U 1 2. A...
solve d, e, f ASP please Let Y denote the claim size for a certain type...
solve d, e, f
ASP please
Let Y denote the claim size for a certain type of insurance policy and suppose Y has an exponential distribution with mean $300,000. (a) Write the density of Y for all values of y. (b) Determine the probability that a claim is smaller than $400,000 Define X = -Y so that X gives claim sizes that are negative, representing a payout from the insurance company. The remaining parts of this problem involve analyzing the...
A. Based on the confidence interval, can one reject the claim that when the 13th day...
A.
Based on the confidence interval, can one reject the claim that
when the 13th day of the month falls on a Friday, the numbers of
hospital admissions from motor vehicle crashes are not
affected?
A. Yes, because the confidence interval does not include
zero.
B. No, because the confidence interval includes zero.
B.
C.
D.
P.S Can you please answer part A-D. I am very sick and I can't
think right now. Please help me im begging you. My...
1. A salesperson has successes on 2 out of 10 cold calls. What is the probability...
1. A salesperson has successes on 2 out of 10 cold calls. What is the probability of getting 3 successes in 9 cold calls? 2. If the probability of success on a cold call is .20, and 500 cold calls are made, what is the probability of less than 84.5 successes? (use normal distribution to approximate the binomial, so need mean = np and st.dev = sqrt(npq) ) 3. In the past, the probability of success of a cold call...
Recall in our discussion of the binomial distribution the research study that examined schoolchildren developing nausea...
Recall in our discussion of the binomial distribution the research study that examined schoolchildren developing nausea and vomiting following holiday parties. The intent of this study was to calculate probabilities corresponding to a specified number of children becoming sick out of a given sample size. Recall also that the probability, i.e. the binomial parameter "p" defined as the probability of "success" for any individual, of a randomly selected schoolchild becoming sick was given. Suppose you are now in a different...
Recall in our discussion of the binomial distribution the research study that examined schoolchildren developing nausea...
Recall in our discussion of the binomial distribution the research study that examined schoolchildren developing nausea and vomiting following holiday parties. The intent of this study was to calculate probabilities corresponding to a specified number of children becoming sick out of a given sample size. Recall also that the probability, i.e. the binomial parameter "p" defined as the probability of "success" for any individual, of a randomly selected schoolchild becoming sick was given. Suppose you are now in a different...
All of the following questions are in relation to the following journal article which is available...
All of the following questions are in relation to the following journal article which is available on Moodle: Parr CL, Magnus MC, Karlstad O, Holvik K, Lund-Blix NA, Jaugen M, et al. Vitamin A and D intake in pregnancy, infant supplementation and asthma development: the Norwegian Mother and Child Cohort. Am J Clin Nutr 2018:107:789-798 QUESTIONS: 1. State one hypothesis the author's proposed in the manuscript. 2. There is previous research that shows that adequate Vitamin A intake is required...
info here is given to help solve #3 below this photo:
You may use any computer software of your choice to complete this assignment Random variables from the four probability distributions given may be generated as follows 1. A standard uniform random variable, U in the interval (0,1), i.e., U ~ U (0,1), may be generated using the Matlab function 'rand'. The corresponding uniform random variable, X in the interval (-1,1) may be obtained as X 2U 1 2. A...
solve d, e, f
ASP please
Let Y denote the claim size for a certain type of insurance policy and suppose Y has an exponential distribution with mean $300,000. (a) Write the density of Y for all values of y. (b) Determine the probability that a claim is smaller than $400,000 Define X = -Y so that X gives claim sizes that are negative, representing a payout from the insurance company. The remaining parts of this problem involve analyzing the...
A.
Based on the confidence interval, can one reject the claim that
when the 13th day of the month falls on a Friday, the numbers of
hospital admissions from motor vehicle crashes are not
affected?
A. Yes, because the confidence interval does not include
zero.
B. No, because the confidence interval includes zero.
B.
C.
D.
P.S Can you please answer part A-D. I am very sick and I can't
think right now. Please help me im begging you. My...
All of the following questions are in relation to the following journal article which is available on Moodle: Parr CL, Magnus MC, Karlstad O, Holvik K, Lund-Blix NA, Jaugen M, et al. Vitamin A and D intake in pregnancy, infant supplementation and asthma development: the Norwegian Mother and Child Cohort. Am J Clin Nutr 2018:107:789-798 QUESTIONS: 1. State one hypothesis the author's proposed in the manuscript. 2. There is previous research that shows that adequate Vitamin A intake is required...
Most questions answered within 3 hours.
-
On an old-fashioned rotating piano stool, a woman sits holding a
pair of dumbbells at a...
asked 28 seconds from now -
Develop (2) criteria for laying off employees while still
practicing ethical and socially responsible leadership, but...
asked 1 minute ago -
If a dominant firm is charged with refusal to deal under
antitrust law, it is being...
asked 15 minutes ago -
Write a 750 word journal entry in narrative
style about the communications climate and culture in...
asked 5 minutes ago -
4) An astronaut standing at radius R1 on the inner ring of this
space station moves...
asked 11 minutes ago -
The frequency two alleles “A” and “a” is 0.25 and 0.75,
respectively.
a) Assuming H-W equilibrium,...
asked 9 minutes ago -
What is the molarity of a solution made up of 82.5g of
Al(NO3)3 in 279 mL...
asked 11 minutes ago -
identify and explain the main four types of financial market.
(20 marks)
asked 16 minutes ago -
The magnetic field 39.0 cm away from a long, straight wire
carrying current 4.00 A is...
asked 17 minutes ago -
This is a question for Toxicology, it asks about the absorbtion,
biotransformation and excretion of a...
asked 20 minutes ago -
Various investment vehicles are available to assist in reaching
financial goals such as retirement or saving...
asked 20 minutes ago -
After one round of replication in 14-N media for the Meselson
Stahl experiment, scientists could conclude...
asked 33 minutes ago