This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: STAT 479
Spring 2012
Quiz 5 March 1, 2012 Students taking Exam C can be categorized into two categories — Well Prepared and
Unprepared. The probability of a Well Prepared student passing Exam C is 75%. The probability
of an Unprepared student passing the Exam C is 10%. Well prepared students who pass the exam receive an exam passing bonus which is distributed
as a gamma distribution with a = 3 and <9 =1000. Unprepared students who pass the exam receive an exam passing bonus that is uniformly
distributed between 0 and 4000. For this sitting of Exam C, there are 1200 Well Prepared students and 800 Unprepared students. Calculate the variance of the exam passing bonus. DU Eu, 77% math . The number of losses under an insurance policy are distributed as a negative binomial with a
mean of 8 and a variance of 40. The amount of a loss is distributed as a Burr distribution with parameters of a, 8 = 1000 , and
7/ = 2. A deductible of 500 is implemented. N is the random variable representing the number of
claim payments with the deductible. The variance of N is 24. Determinea,
Na QWQ Efmomfac
j dﬁgg dC/QY/aQe am eager; aegis; V4311 (Np); akéVﬁXHﬁlﬂ) 5334 as gab/4X” W43 W ...
View
Full
Document
This note was uploaded on 03/15/2012 for the course STAT 479 taught by Professor Na during the Spring '10 term at Purdue UniversityWest Lafayette.
 Spring '10
 NA

Click to edit the document details