This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: Name __ KEY_ ____________ ID# ______________ Project4 _________ Chapter 6 I have included a very detailed KEY that is probably at the level of your solutions but not necessarily at the level of your communications. Highlighted in yellow are the details. Use complete sentences when appropriate; u se complete mathematical sentences when appropriate. Failure to do so may result in a lower score. S how all your work. Indicate clearly the methods you use, because you will be graded on the correctness of your methods as well as on the accuracy of your results and explanation. If you present parallel solutions , I will grade the lesser of the two. An insurance company insures its policyholders against the following dangers: fire, tornado, flood, and theft. After research, they conclude that the probabilities of the occurrence of these disasters are 0.1, 0.01, 0.05, and 0.14, respectively. The pays $100, $5000, $1000, and $75, respectively, to policyholders experiencing losses from these causes. The insurance company charges $150 per year for coverage. The insurance company charges $150 per year for coverage....
View
Full Document
 Spring '10
 Applebaugh
 Statistics, Normal Distribution, Probability theory, Cumulative distribution function, small car, cumulative density function

Click to edit the document details