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Unformatted text preview: . 036 . 054 = 0 . 667 1 4. Premium = Expected Loss = $40 , 000 . 001 + $20 , 000 . 005 = $40 + $100 = $140 5. Note that X follows b (25 , . 1). Refer to the CDF table for binomial distribution on page 579. a) P ( X 3) = 0 . 7636 b) P ( X = 3) = P ( X 3)P ( X 2) = 0 . 7636. 5371 = 0 . 2265 c) P ( X 3) = 1P ( X 2) = 1. 5371 = 0 . 4629 d) P (2 X 4) = P ( X 4)P ( X 1) = 0 . 9020. 2712 = 0 . 6308 6. a) (0 . 85) 3 (0 . 15) b) (0 . 85) 6 (0 . 15) c) 15 4 (0 . 15) 4 (0 . 85) 11 2...
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This note was uploaded on 10/05/2010 for the course ECE 329 taught by Professor Kim during the Spring '08 term at University of Illinois, Urbana Champaign.
 Spring '08
 Kim
 Electromagnet

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