S490C F08 Quiz 3

S490C F08 Quiz 3 - with expected number of users being 8...

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Math 490C Fall 2008 Quiz 3 1. The losses under an insurance policy follow a negative binomial with β=1 and γ=2. Losses are subject to a deductible of 1. Calculate the expected loss per payment.
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2. The number of people using an escalator in the mall follows a Poisson distribution
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Unformatted text preview: with expected number of users being 8 every 15 minutes. Of the people using the escalator, 20% are men. Calculate the probability that less than four men will ride the escalator in any given one hour period....
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S490C F08 Quiz 3 - with expected number of users being 8...

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