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Unformatted text preview: ---------------------------------------------------------------------Problem 10. The amount of a loss is exponentially distributed with mean 70. An insurance policy has ordinary deductible of 20 and a policy limit of 80. Due to reinsurance, an insurance company pays only 80% of the of policy obligation. Determine the expected payment of the company, given that a payment is made. (1) (2) (3) (4) -------------------------------------------------------------- The number of male employees in a randomly selected office of 10 employees has a binomial distribution with parameters m = 10 and q =0.3. It is also known that on average a male is watching 4 MSU basketball games in a year while a female on average is watching 2 games. Also, with regard to the standard deviation of the number of yearly watched games, it is 9 for a male and 6 for a female. Problem 11. What is the average number of games watched in a year by all the employees of the selected office? (1) (2) (3) (4) Problem 12. What is the standard deviation of the number of games watched in a year by all the female employees of the selected office? (1) (2) (3) (4)...
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