Assume that a driver faces the following loss distribution:Outcome Probability12,000 0.15 0 0.851. What is the expected loss?2. What is the standard deviation of loss?Now assume that this driver pools her losses with another driver facing the same loss distribution, and that the losses are not correlated.1. What is the expected loss for each member of the pool?2. What is the standard deviation of loss for each member of the pool?These two drivers decide to pool their losses with two other drivers with the same loss distribution, and all losses are not correlated. (This four-person group will be called Group A)1. What is the expected loss for each member of the pool?2. What is the standard deviation of loss for each member of the pool?These four drivers are considering pooling their losses with another group of four drivers (Group B) facing a different loss distribution (for each driver in the group):Outcome Probability28,000 0.0210,000 0.23 0 0.751. What is the expected loss for each member of this new pool of four drivers?2. What is the standard deviation of loss for each member of this new pool?Now, Group A and Group B decide to pool their risks, becoming a single pool of eight drivers (Group C).1. What is the expected loss for each member of this new 8-person pool of drivers?2. The standard deviation for each member of this new 8-person pool is fairly complicated to calculate. Directionally, though, how would you expect the standard deviation for the members of Group C to compare with the standard deviations of Group A and Group B (Higher/Lower/No Change). Why?If each driver were required to contribute an equal share to the Group C pool to cover losses, would the people in Group A choose to enter Group C? Would the drivers in Group B want to join the pool? Why or why not?If each driver were required to contribute an amount proportional to their own expected loss (this means that if the actual losses of Group C were equal to the Group C expected loss, then Group A drivers would contribute an amount equal to the Group A expected loss and Group B would make a contribution equal to the Group B expected loss), would the people in Group A choose to join the pool? Would the people in Group B want to join the pool? Why or why not?Finally, there is another group of four drivers (Group D) with the yet another loss distribution:Outcome Probability60,000 0.0125,000 0.1010,000 0.300 0.591. What is the expected loss for each member of Group D?2. What is the standard deviation for each member of Group D?3. Under what conditions, if any, would the Group A drivers be willing to pool with the members of Group D to become a single pool of eight drivers?

Answers

Answer 1

Answer:

- 1800 ; 4284.8579 ;

Step-by-step explanation:

Given the table :

Outcome _____ probability

-12000 ________ 0.15

__ 0 __________ 0.85

Expected loss, m: Σx*p(x)

(-12000 * 0.15) + (0 * 0.85)

-1800 + 0 = - 1800

Standard deviation = sqrt(Var(x))

Var(x) = Σx²*p(x) - m²

(-12000^2 * 0.15) + (0^2 * 0.85)] - 1800^2

21,600,000 - 3240000

= 18360000

Standard deviation = sqrt(18360000)

Standard deviation = 4284.8579


Related Questions

The height h(n) of a bouncing ball is an exponential function of the number n of bounces.

One ball is dropped and on the first bounce reaches a height of 6 feet. On the second

bounce it reaches a height of 4 feet.

PLEASE HURRY

Answers

Answer:

The height of a bouncing ball is defined by [tex]h(n) = 6\cdot \left(\frac{4}{6} \right)^{n-1}[/tex].

Step-by-step explanation:

According to this statement, we need to derive the expression of the height of a bouncing ball, that is, a function of the number of bounces. The exponential expression of the bouncing ball is of the form:

[tex]h = h_{o}\cdot r^{n-1}[/tex], [tex]n \in \mathbb{N}[/tex], [tex]0 < r < 1[/tex] (1)

Where:

[tex]h_{o}[/tex] - Height reached by the ball on the first bounce, measured in feet.

[tex]r[/tex] - Decrease rate, no unit.

[tex]n[/tex] - Number of bounces, no unit.

[tex]h[/tex] - Height reached by the ball on the n-th bounce, measured in feet.

The decrease rate is the ratio between heights of two consecutive bounces, that is:

[tex]r = \frac{h_{1}}{h_{o}}[/tex] (2)

Where [tex]h_{1}[/tex] is the height reached by the ball on the second bounce, measured in feet.

If we know that [tex]h_{o} = 6\,ft[/tex] and [tex]h_{1} = 4\,ft[/tex], then the expression for the height of the bouncing ball is:

[tex]h(n) = 6\cdot \left(\frac{4}{6} \right)^{n-1}[/tex]

The height of a bouncing ball is defined by [tex]h(n) = 6\cdot \left(\frac{4}{6} \right)^{n-1}[/tex].

Answer:

9 (2/3) ² but insted of 2 its n

Step-by-step explanation:

what is the simplifed form of the fraction below?
24/30

Answers

Answer:

4/5

Step-by-step explanation:

this can be divided by 6 to get you this answer

Ron sells bananas for $0.60 each. How many bananas did Ron sell if he made $150.00, after taking off $39.00 for his banana stand rental?

Answers

Ron sold 315 bananas.

Let’s find the total amount of money he made (before the rental fee)
$150 + $39 = $189

To find how much bananas he sold, let’s divide the total money he made, 189 dollars, by the price of a banana, 0.60 dollars.
189 divided by 0.60 = 315 bananas

He sold 315 bananas.

The number of bananas that Ron sold is 315.

What is Division?

Division is one of the operation in mathematics where number is divided  into equal parts as that of a definite number.

Given that,

Cost for a banana = $0.60

Also given, he made $150.00, after taking off $39.00 for his banana stand rental.

Total amount of money that Ron made by selling the bananas = $150 + $39 = $189

Number of bananas sold = 189 / 0.6

                                          = 315

Hence Ron sold 315 bananas.

Learn more about Division here :

https://brainly.com/question/28598725

#SPJ2

A soft drink-dispensing machine uses paper cups that hold a maximum of 12 ounces. The machine is set to dispense a mean of 10 ounces of the drink. Because of an imprecise process, the amount dispensed actually varies; it is normally distributed with a standard deviation of 1 ounce. If we simulated the filling process, and had the random number .564, how many ounces would the cup contain? Give your answer to 3 decimal places.

Answers

Answer:

The cup would contain 10.16 ounces.

Step-by-step explanation:

When the distribution is normal, we use the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

Mean of 10 ounces, standard deviation of 1 ounce:

This means that [tex]\mu = 10, \sigma = 1[/tex]

If we simulated the filling process, and had the random number .564, how many ounces would the cup contain?

This means that we have to find X when Z has a pvalue of 0.564. So X when Z = 0.16. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]0.16 = \frac{X - 10}{1}[/tex]

[tex]X - 10 = 0.16*1[/tex]

[tex]X = 10.16[/tex]

The cup would contain 10.16 ounces.

a wheel makes 20 revolutions per min. how many revolutions does it make per second? type and integer or simplified fraction.

Answers

Answer:
1/3
Step by step:
Since the wheel is rotating at 20 revolutions per minute, to find the amount of rev’s per second would go as follows:

20/min = ?/second

convert each denominator to numerical form referring to seconds

20/60 = ?/1

Simplify

1/3 = ?/1

Find value of ?

1/3 = (1/3)/1

Simplify both sides completely

1/3 = 1/3

1/3

Answer:

1200 revolutions per second

Step-by-step explanation:

60 seconds per minute so multiply 60 x 20 to get 1,200

An amount of $42,000 is borrowed for 6 years at 9% interest, compounded annually. If the loan is paid in full at the the end of hat period how much must be paid back?

Answers

Answer:

70,438.20

Step-by-step explanation:

To calculate the future value you use the following formula

FV=PV(1+i)^n

Plug in our numbers and get

FV=42000(1+.09)^6

42000*1.09^6=70,438.20

How many solutions does the system of equations have?

Answers

Answer:

The system has just one solution, it is (1,4).

Step-by-step explanation:

When we have a system of linear equations, the solution is given by the intersection point of the two lines.

So if we see the graph, the intersect point is at (1,4). Therefore, the system has a unique solution.

I hope it helps you!

It snowed 20 inches in 10 days in Canada. At what unit rate did the snow fall?

Answers

It falled at a unit rate of 2. Divide 20 by 10 . Mark me the brainlyest

Answer:

2 inches per day

Explanation:

Divide 20 by 10

When it is 7 AM in New York, it is noon in London. A plane leaves London
at noon London time and arrives in New York at 11 AM New York time

the same day. A second plane leaves New York at 12 noon New York time

for London. What time in London is it when the second plane arrives?

Assume both planes fly for the same number of hours.

Answers

Answer:

by the time second plane arrives in London it is 08:00 am

if cos theta = 3/5, then tan theta =

Answers

Step-by-step explanation:

cos theta=3/5

theta=53.13°

tan theta =1.33

does anyone know this? please help

Answers

Answer:

3rd answer

Step-by-step explanation:

it would be the third answer

A school administrator claims that the average GPA of Which explanations are justified based on the evidence
the senior class is 3.53. You think that the average GPA you obtained? Check all that apply
is greater than that, so you select a random sample of
100 seniors and calculate their average GPA. The
It is possible that the population mean is 3.53, but
sample mean GPA is 3.70
the sample result is greater than that due to
You have some evidence that the mean GPA may be
sampling variability
greater than 3.53 because the sample mean of your It is possible that the school administrator made a
random sample is 3.70.
mistake, and the population mean is greater than
3.53
The fact that the sample mean is greater than the
claimed population mean proves that the average
GPA of the senior class is greater than 3.53
The sample mean of 3.70 cannot be correct
because the claimed population mean is 3.53.
The population mean of 3.53 cannot be correct
because the calculated sample mean is 3.70
Done

Answers

Answer:

its the first two

It is possible that the population mean is 3.53, but the sample result is greater than that due to sampling variability.

It is possible that the school administrator made a mistake, and the population mean is greater than 3.53.

Step-by-step explanation:

edg 2021

Answer:

A

B

Step-by-step explanation:

EDG 2020-2021

Will mark brainlist please help geometry

Answers

9514 1404 393

Answer:

   ΔPRQ ≅ ΔVWX

Step-by-step explanation:

ASA means the corresponding side lies between the two corresponding angles. That is true for triangles PRQ and VWX.

We chose to name the triangles starting with the angle marked with the single arc, then the angle marked with the double arc. They can be named using any permutation of the letters, provided that the same correspondence is achieved between the two names.

What is 18 % of 120?
O 2. 160
O 666
0 21.6
0 15

Answers

Multiply 120 by 18%

Change 18% to a decimal: 0.18

120 x 0.18 = 21.6

Answer: 21.6

The price of parking for 2 hours or less at the airport is increasing
from $2.50 to $5.00. What is the percent of price increase?

Answers

Answer:

it increased 50%

Step-by-step explanation:

5 / 2.5 = 2

100 / 2 = 50%

Answer:

50% increase

Step-by-step explanation:

half of 5.00 is 2.50

X is normally distributed with a mean of 100 and a standard deviation of 15. What is the probability of randomly sampling a score from X and having it be greater than or equal to 126 ​

Answers

Answer:

Using calculator: 0.0415

Using Z-score Table: 0.0418

Step-by-step explanation:

There are two ways you can solve this problem.

1. Use the normal distribution function on a calculator.

Entered values:

Lower Limit: 126

Upper Limit: 999999999999999... (To encompass all the data)

Standard Deviation: 15

Mean: 100

2. Find the Z score and look up probabilities on table.

Formula for Z score:

[tex]Z=\frac{x-mean}{standard deviation} \\\\Z= \frac{126-100}{15}=1.7333...[/tex]

Z = 1.7333

This means that the value 126 is 1.733 standard deviations away from the mean. We can look this value up on the Z table to find its corresponding probability.

This will show us the probability of the random sampling being equal to or lower than 126.

P = 0.9582

So to find the probability of it being above, we simply just calculate the inverse as all probabilities on the curve = 1.

1-0.9582 = 0.0418

NOTE: Values found from the table will usually be a bit different from if you find it from a calculator, the one you need will depend on the method you use in class.

Hope this helped!

A rhombus and a triangle are equal in areas. if the base and height of the triangle are 24.8 cm and 5.5 cm respectively and the length of one diagonal of the rhombus is 22 cm, find the length of other diagonal of the rhombus.​

Answers

Given :-

Area of Rhombus = Area of Triangle

Base and Height of Triangle is 24.8 cm and 5.5 cm respectively .

Length of one diagonal of the rhombus is 22 cm .

To Find :-

Length of other Diagonal

Solution :-

As we know that

Area of triangle = ½ × Base × Height

Area = ½ × 24.8 × 5.5Area = 1 × 12.4 × 5.5Area = 12.4 × 5.5Area = 68.2 cm²Now,

Area of rhombus = ½ × D1 × D2

68.2 = ½ × 22 × D268.2 × 2 = 22 × D2136.4 = 22 × D2136.4/22 = D26.2 = D2D2=6.2

Hence :-

Other Diagonal is 6.2 cm.

[tex]\begin{gathered} \\ \end{gathered}[/tex]

Question 7 (1 point)
The angle of elevation from point P to the top of the pole is 65°. Point Pis 21 feet from the base of the flagpole. To
the nearest tenth, what is the height of the pole?
65°
21 ft.
Plz help

Answers

Answer:

h = 452.5 ft

Step-by-step explanation:

Angle of elevation from P to top of the pole = 65°

Horizontal distance between the pole and point P = 21 ft

By Applying tan rule in the given triangle ABP,

tan(∠APB) = [tex]\frac{AB}{PB}[/tex]

tan(65°) = [tex]\frac{h}{21}[/tex]

h = 21[tan(65°)]

h = 452.491

h ≈ 452.5 ft

Therefore, height of the pole is 452.5 ft.

Martha has 2 red beads for every 5 yellow beads on her necklace. If Martha has
18 fewer red beads than yellow beads, then how many yellow beads does she
have?

Answers

Answer:

30 yellow beads

Step-by-step explanation:

there is a difference of three beads if there are 5 yellow beads per 2 red beads. You're looking for a combination of numbers with a difference of 18. divide 18 by three, and you get 6. multiply 6 by each of the 2 numbers 2 and 5, to get 12 and 30. They have a difference of 18, and follow the ratio of red to yellow beads. Now just take the 30 yellow beads and give an answer

8x+5y=24
y=−4x
​ show work please

Answers

Answer:

(-2, 8)

Step-by-step explanation:

8x + 5y = 24

8x + 5(-4x) = 24

8x + -20x = 24

-12x = 24

-12x/-12 = 24/-12

x = -2

----------------------------

y = -4(-2)

y = 8

--------------------------

8(-2) + 5(8) = 24

-16 + 40 = 24

24 = 24

15=1.5t
Solve the equation for the variable. Remember to write t= when you write your answer!

Answers

Answer:

t = 10

Step-by-step explanation:

15 = 1.5 × t

15/1.5 = t

10 = t

mark me as brainlist

The list of individuals from which a sample is actually selected is called the sampling frame. Ideally, the sampling frame should list every individual in the population, but in practice this is often difficult. A sampling frame that leaves out part of the population is a common source of undercoverage. In the following questions select all choices that apply; to receive credit for the question you must select all the correct choices and only the correct choices.
Question 1. A pollster wants to select a random sample of households in a particular community. The pollster randomly selects a sample of households in the community from the community telephone directory available in the public library. What households are omitted from this sampling frame?
1. Households that connect to the internet with their phone line.
2. Households that possess only cellphones Households with a second line for the fax machine.
3. Households that have moved into the community since the most recent community telephone directory was printed.
4. Households with unlisted numbers. Households with more than one line. Poor households (cannot afford a phone)
5. Households without telephones.
Question 2. What types of people do you think are most likely to live in the omitted households selected in question 1?
1. These people will probably be underrepresented in the sample. lower income people (cannot afford a phone)
2. people who choose not to list their numbers people who choose not to have phones
3. people who graduated from UNC-Chapel Hill
4. jobless people who have moved into the community to look for employment since the most recent community telephone directory was printed
5. people who drive hybrid automobiles high income people
Question 3. It is usual in telephone surveys to use random dialing equipment that selects the last four digits of a telephone number at random after being given the land-line exchange (the first three digits; note that cell phone exchanges differ from land-line exchanges). Which of the households you selected in Question 1 above will be included in this sampling frame by random digit dialing?
1. Households that possess only cellphones Poor households (cannot afford a phone)
2. Households with unlisted numbers
3. Households without telephones
4. Households with land-line telephones that have moved into the community since the most recent community telephone directory was printed.

Answers

Answer:

Question 1:

2. Households that possess only cellphones. 5. Households without telephones.

As the pollster used the telephone directory, they will get the numbers of listed people in that community. Cellphones are not listed along with households with telephones so these will be underrepresented.

Question 2:

1. Lower income people (cannot afford a phone).2. people who choose not to list their numbers people who choose not to have phones.

Question 3:

2. Households with unlisted numbers  4. Households with land-line telephones that have moved into the community since the most recent community telephone directory was printed.

Households with unlisted numbers will still be called because the person is using random dialling which means that even if the number is not listed, it can still be called. Households with landlines will most definitely be reachable as well.

I need help with math the question is What area of a square whose sides measure 3 feet?

A.12 square feet
B. 6 square feet
C. 9 square feet
D. 18 square feet ​

Answers

Answer:

c

Step-by-step explanation:

Since area is lw  3*3=9

Determine the equation of straight line which passes through the point (a, b)and perpendicular to ax+by=5

Answers

Answer:

[tex]y=\frac{b}{a} x.[/tex]

Step-by-step explanation:

1) if the required straight line is 'l', the given point is A(a;b), then the required equation of line can be written in form:

[tex]\frac{x-a}{x_1-a} =\frac{y-b}{y_1-b},[/tex]

where (x₁;y₁) is other point B, which belongs to the 'l';

2) from the equation it is possible to detect the coordinates of the perpendicular, they are (x₁-a;y₁-b);

3) if the given perpendicular is ax+by=5, then the coordinates of the vector (a;b) are coordinates of the vector, which belongs to the required line 'l', and then: x₁-a=a and y₁-b=b;

4) if to substitute the a=x₁-a and b=y₁-b into the required equation of line 'l', then:

[tex]\frac{x-a}{a} =\frac{y-b}{b};[/tex]

5) finally, the equation is: ay=bx, or y=b/a *x (slope-interception form).

note: the suggested solution is not the only way.

Calculate and give your answer
its simplest form.
8 /7
X
7/8
Your answer

Answers

Answer:

1 I believe if your asking in in simplified form and if 8/7 and 7/8 are multiplied

Step-by-step explanation:

what is 1/2 divided by 6?

Answers

Answer:

1/12 or 0.0833

Step-by-step explanation:

1/2 divided by 6

1/2x6

1/12!

Answer: Fraction Form: 1/12

              Decimal Form: 0.0833

              Expanded Decimal Form: 0.08333333333

             

If I Helped, Please Mark Me As Brainliest, Have A Great Day :D

What is the difference between 100 and 33?

Answers

Answer:

67

Step-by-step explanation:

100 - 33 = 67

The difference between 100 and 33 is 67.

The answer is 67 if you go to your calculator app and do 67+33 it equals 100

Write an expression that is equivalent to 27e+24

Answers

The answer would be 3(9e+8)

Hope this helps

Have a great day

If you want me to explain I can

Answer:

3(9e+8)

Step-by-step explanation:

I hope this helps

What is the sum? 3x^2-2x-1/x-5+-2x^2+x-5/x-5

Answers

Answer: 5(1-x) over x

Step-by-step explanation: Combine the rational expressions using the least common denominator (LCD).

There are red and green apples in a crate.
There are 60 green apples in the crate.
The ratio of the number of red apples to green apples is 1:5
Georgia puts in some more red apples into the crate.
The ratio of the number of red apples to green apples is now 2:3
How many red apples does Georgia put into the crate?

Answers

Answer:

28

Step-by-step explanation:

60 apples by 5 is 12. When Georgia put some more apples in we now have to divide 60 by 3 which is 20 and then multiply that by 2 which is 40. So, if the ratio was 1:3 it would be 20:60 but it is 2:3 so the answer is 40:60. Do 40 minus 12 to find how much Georgia added. 40 minus 12 is 28.

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