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S479 F09 Quiz 6 Solutions

S479 F09 Quiz 6 Solutions - Stat 479 Fall 2009 Quiz 6...

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Unformatted text preview: Stat 479 Fall 2009 Quiz 6 October 22, 2009 . Claims are distributed as an exponential distribution with 0 = 4000. You want to create a discrete distribution with a span of 1000. f1R = the probability assigned to the span from 500 to 1500 using the Method of Rounding. f1]W = the probability assigned to the span from 500 to 1500 using the Method of Mean Matching. cnmnmniormoggR— fiVM). 9999 N MW WM /®@® 2. The number of losses for health insurance is distributed as a Negative Binomial With a mean of 6. The amount of each individual loss is follows a Weibull distribution with t = 2 and 6 = 500. An insurance policy covering health insurance has an ordinary deductible such that the expected number of claims is 5. Calculate the amount of the deductible. ...
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