Mathematics, 01.04.2021 16:00 gabbym39077
An insurance policy covers losses incurred by a policyholder, subject to a deductible of 10,000. Incurred losses follow a normal distribution with mean 12,000 and standard deviation cc. The probability that a loss is less than kk is 0.9582, where kk is a constant. Given that the loss exceeds the deductible, there is a probability of 0.9500 that it is less than kk. Calculate cc.
Answers: 3
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Exclude leap years from the following calculations. (a) compute the probability that a randomly selected person does not have a birthday on october 4. (type an integer or a decimal rounded to three decimal places as needed.) (b) compute the probability that a randomly selected person does not have a birthday on the 1st day of a month. (type an integer or a decimal rounded to three decimal places as needed.) (c) compute the probability that a randomly selected person does not have a birthday on the 30th day of a month. (type an integer or a decimal rounded to three decimal places as needed.) (d) compute the probability that a randomly selected person was not born in january. (type an integer or a decimal rounded to three decimal places as needed.)
Answers: 1
An insurance policy covers losses incurred by a policyholder, subject to a deductible of 10,000. Inc...
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