8.
7. An insurance policy is written to cover a loss X where X has density function...
Can u do no 2 (b) and can u explain how to find pr(x>=10) in gamma distribution with details please Surance company to a deductible of 100. Losses incurred follow an expor percentile of losses that exceed the sells an auto insurance policy s covers losses incurred By I e e deductibw an esponential distribution with mean 300 P35 -299 2. The installation time (min) of a certain software follows ):-300 (h (0.05 0.2 a) What is the average installation...
3. (4 points) A manufacturer's annual losses follow a distribution with density function: 2.5(0.6)2.5 f(x)235x 0 elsewhere To cover its losses, the manufacturer purchases an insurance policy with an annual deductible of 3. Let Y be the insu payment. a) What is the difference between the median and the 99th percentile of Y? What is the mean of the manufacturer's annual losses not paid by the insurance policy? 3. (4 points) A manufacturer's annual losses follow a distribution with density...
Let X and Y be random losses with joint density function and 0 otherwise. An insurance policy is written to reimburse X +Y. Calculate the probability that the reimbursement is less than 1.
An insurance policy covers losses X and Y which have joint density function 24y f(x,y) , y>0. (a) Find the expected value of X (b) Find the probability of a payout if the policy pays X + 2Y subject to a deductible of 1 on X and 1 on 2Y. (c) Find the probability of a payout if the policy pays X +2Y subject to a deductible of 2 on the total payment X + 2Y An insurance policy covers...
An insurance policy covers losses X and Y which have joint density function 24y f(x,y) , y>0. (a) Find the expected value of X (b) Find the probability of a payout if the policy pays X + 2Y subject to a deductible of 1 on X and 1 on 2Y. (c) Find the probability of a payout if the policy pays X +2Y subject to a deductible of 2 on the total payment X + 2Y
random vibrations Problem 1 Two random variables x and y have the joint probability density function where c is a constant. Verify that x and y are statistically independent and find the value of c for plx, y) to be correctly normalized. Check that Elx) Elyl-0 and that Elx2] and Ely') are both infinite Problem 2. Each sample function x(t) of a random process x(t) is given by: where a, a2, wh, and w are constants but 61 and 62,...