HW_15new - 15th Home Assignment 1a. Assuming an increase of...

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15 th Home Assignment 1a. Assuming an increase of 8 replications: Mean of Total Loss : o New mean of total loss: 2514.29 Old: 2496.223 o Increase of .723% Standard Deviation of Total Loss: o New stdev of total loss: 509.2022 Old: 508.5232 o Increase of .134% Mean of each Loss: o New mean of each loss: 93.25056 Old: 110.8849 o Decrease of 15.9%. Standard Deviation of Each Loss: o New stdev of each loss: 95.08799 Old: 103.2355 o Decrease of 7.69% Total Insured * Mean of Each Loss: o New: 2331.264 Old: 2772.123 o Decrease of 15.9%. Total Insured * Std Dev of Each Loss: o New: 2377.19975 Old: 2580.888. o Decrease of 7.89%. Ratio of Std Devs^2: o New: 18.08318 Old: 25.75828 o Decrease of 2.98%. 1b. Assuming an increase of 3 insured: Mean of Total Loss : o New mean of total loss: 2773.425 Old: 2496.223 o Increase of 1.11% Standard Deviation of Total Loss:
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o New stdev of total loss: 487.9935 Old: 508.5232 o Decrease of 4.04% Mean of each Loss: o New mean of each loss: 106.1295 Old: 110.8849
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This note was uploaded on 01/27/2011 for the course MGMT 4370 taught by Professor Gupta during the Fall '10 term at Rensselaer Polytechnic Institute.

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HW_15new - 15th Home Assignment 1a. Assuming an increase of...

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