Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 27 Oct 2017 My Price 4.00

empirical determi- nation

5.37       Upon examination of the claims records of 280 policy holders over a period of five years, an in- surance company makes an empirical determi- nation of the probability distribution of X   number of claims in five years.

(a)    x f ( x ) 0 .315 1 .289 2 .201 3 .114 4 .063 5 .012 6 .006 Calculate the expected value of X.

(b)    Calculate the standard deviation of X.

 

(a)    Calculate the numerical probabilities and

list the distribution.

(b)    Calculate the mean and standard devia- tion of X.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 27 Oct 2017 02:10 PM My Price 4.00

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