An insurance company has 10,000 automobile policyholders. The expected yearly claim per policyholder is $240, with a
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
PZ 2700000 ...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Suppose that yearly health care expenses for a family of four are normally distributed with a mean expense equal to $ 3,000 and a standard deviation of $ 500. An insurance company has decided to...
-
An insurance company has offices in all 50 states and the District of Columbia. It plans to use an ANOVA to compare the average sales (in dollars) generated per agent among the states and DC. To...
-
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...
-
Find a and b if, y= ax+b has mean 6 and variance is unity, where x is a random variable with mean 8 and variance 16.
-
Using the results from Exercise 19, answer these questions. a. How many values are in the class 27.530.5? b. How many values fall between 24.5 and 36.5? c. How many values are below 33.5? d. How many...
-
Two identical, uniform beams weighing 260 N each are connected at one end by a frictionless hinge. A light horizontal crossbar attached at the mid points of the beams maintains an angle of 53.0°...
-
In Problem 2.4 you were asked to compute a $95 %$ CI on mean gasoline prediction interval on mileage when the engine displacement $x_{1}=275$ in. $^{3}$ Compare the lengths of these intervals to the...
-
Pup Noir, a private investigation firm, investigated 90 cases in December and had the following costs: direct labor, $190 per case; and service overhead of $20,840. Service overhead for October was...
-
Consider the cubic polynomial P3(x) = 1 + x-2x + x, and rewrite it by the following polynomial: 3 93(x) = a; (x 1). j=0 Do so by determining the unknown constants a; for all j = {0, 1, 2, 3}. Use...
-
Bruce and Toni Harper are married and file a joint tax return. For 2022, their MAGI is $75000.Toni is attending a local college ( an eligible educational institution) to earn credit toward a degree...
-
A certain component is critical to the operation of an electrical system and must be replaced immediately upon failure. If the mean lifetime of this type of component is 100 hours and its standard...
-
A.J. has 20 jobs that she must do in sequence, with the times required to do each of these jobs being independent random variables with mean 50 minutes and standard deviation 10 minutes. M.J. has 20...
-
J.K. Rowlings popular Harry Potter books have tended to become thicker with each new edition. The publication year and page count for U.S. editions for the first seven books were as shown on the next...
-
Describe why knowing which outcome you prefer is not adequate for making a choice under uncertainty.
-
What are some typical value drivers for digital products?
-
Discuss some of the different methods of decision making, and explain when you would use each one.
-
What is a decision tree? Briefly explain how a decision tree can be used in decision theory.
-
What assumptions do we make about the distributions of a and b? Why is this important in constructing confidence intervals?
-
Let A be the given matrix. Find A -1 without a calculator. -1 2 3-5
-
Interview managers at three companies in your area about their use of ERP. How have their experiences been similar? What accounts for the similarities and differences?
-
An investor holds two stocks, each of which can rise (R), remain unchanged (U), or decline (D) on any particular day. Let x equal the number of stocks that rise on a particular day. a. Write the...
-
Repeat Exercise 5.46. letting x equal the number of stocks that decline on the particular day. In exercise 5.46 a. Write the probability distribution of x assuming that all outcomes are equally...
-
Consider Exercise 5.46. and let x equal the number of stocks that rise on the particular day. Find x, and x, for a. The probability distribution of x in Exercise 5.46a. b. The probability...
-
Explain why leasing is an option for a company expansion. include, what leasing is and how it will benefit the company in it's expanding efforts. Also, how is capital or operating leasing recorded on...
-
Discuss the following statement: " A head of state signs a treaty on behalf of his country in excess of authority of his country, such treaty shal be void for inconsistency with domestic law of the...
-
A company is looking at new equipment with an installed cost of $415,329. This cost will be depreciated straight-line to zero over the project's 5-year life, at the end of which the equipment can be...
Study smarter with the SolutionInn App