Stat 479
Test 1
September 30, 2010
1.
The number of student from Interest Theory that visit my office during office hours is distributed
as a Poisson distribution with a mean of 2 per hour.
The number of students from Loss Models that visit my office during office hours is distributed
as a Poisson distribution with a mean of 1 per hour.
The number of students from Life Contingencies that visit my office during office hours is
distributed as a Poisson distribution with a mean of 0.5 per hour.
Calculate the probability that more than 3 students (from any class) visit my office during office
hours from 2:00 pm to 4:00 pm.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
2.
Losses in 2009 are distributed as a Pareto distribution with
α
= 3 and
θ
= 10,000.
Yan Health
Insurance Company sell a policy that covers these losses with a franchise deductible of 2000
during 2009.
Losses in 2010 increase by 10%.
During 2010, Yan will sell a policy covering the losses.
However, instead of the franchise deductible used in 2009, the company will implement an
ordinary deductible of d.
This is the end of the preview.
Sign up
to
access the rest of the document.
 Spring '10
 NA
 Poisson Distribution, Probability theory, office visit, single parameter Pareto

Click to edit the document details