1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lesechka [4]
2 years ago
11

Assume that a driver faces the following loss distribution:Outcome Probability12,000 0.15 0 0.851. What is the expected loss?2.

What is the standard deviation of loss?Now assume that this driver pools her losses with another driver facing the same loss distribution, and that the losses are not correlated.1. What is the expected loss for each member of the pool?2. What is the standard deviation of loss for each member of the pool?These two drivers decide to pool their losses with two other drivers with the same loss distribution, and all losses are not correlated. (This four-person group will be called Group A)1. What is the expected loss for each member of the pool?2. What is the standard deviation of loss for each member of the pool?These four drivers are considering pooling their losses with another group of four drivers (Group B) facing a different loss distribution (for each driver in the group):Outcome Probability28,000 0.0210,000 0.23 0 0.751. What is the expected loss for each member of this new pool of four drivers?2. What is the standard deviation of loss for each member of this new pool?Now, Group A and Group B decide to pool their risks, becoming a single pool of eight drivers (Group C).1. What is the expected loss for each member of this new 8-person pool of drivers?2. The standard deviation for each member of this new 8-person pool is fairly complicated to calculate. Directionally, though, how would you expect the standard deviation for the members of Group C to compare with the standard deviations of Group A and Group B (Higher/Lower/No Change). Why?If each driver were required to contribute an equal share to the Group C pool to cover losses, would the people in Group A choose to enter Group C? Would the drivers in Group B want to join the pool? Why or why not?If each driver were required to contribute an amount proportional to their own expected loss (this means that if the actual losses of Group C were equal to the Group C expected loss, then Group A drivers would contribute an amount equal to the Group A expected loss and Group B would make a contribution equal to the Group B expected loss), would the people in Group A choose to join the pool? Would the people in Group B want to join the pool? Why or why not?Finally, there is another group of four drivers (Group D) with the yet another loss distribution:Outcome Probability60,000 0.0125,000 0.1010,000 0.300 0.591. What is the expected loss for each member of Group D?2. What is the standard deviation for each member of Group D?3. Under what conditions, if any, would the Group A drivers be willing to pool with the members of Group D to become a single pool of eight drivers?
Mathematics
1 answer:
xxMikexx [17]2 years ago
3 0

Answer:

- 1800 ; 4284.8579 ;

Step-by-step explanation:

Given the table :

Outcome _____ probability

-12000 ________ 0.15

__ 0 __________ 0.85

Expected loss, m: Σx*p(x)

(-12000 * 0.15) + (0 * 0.85)

-1800 + 0 = - 1800

Standard deviation = sqrt(Var(x))

Var(x) = Σx²*p(x) - m²

(-12000^2 * 0.15) + (0^2 * 0.85)] - 1800^2

21,600,000 - 3240000

= 18360000

Standard deviation = sqrt(18360000)

Standard deviation = 4284.8579

You might be interested in
3х + 2 = 4 - 5x<br> help
Fiesta28 [93]
ANSWER: 1/4




Explanation:

3x+2= -
3x+2= -+



: Subtract 2 from both sides of the equation

Simplify

Add 5x to both sides of the equation

Simplify

Divide both sides of the equation by the same term

Simplify
4 0
3 years ago
Help! I promise to give brainliest, 5/5 rating, and thanks!
algol [13]

Hello!

To find the circumference, you multiply the diameter by pi. We will do so below.

2.5\pi≈7.85

a. 7.85 feet

___________________________________________________

To find how many rotations it will take to travel a mile, we will need to divide our mile by our circumference.

5,280/7.85≈672.61

b) 672.61

I hope this helps!

3 0
3 years ago
Read 2 more answers
Help please! I’m a bit young so it might be easy for you! Can you please tell me this and maybe I’ll understand? Giving brainlie
astraxan [27]

Answer:

2.36 miles

Step-by-step explanation:

subtraxt them from each other

6 0
2 years ago
James drew a scatter plot comparing the number of people who bought tickets to middle school football games and the amount of mo
UkoKoshka [18]
The answer is the chart attached

The more ticket sold, the more money is made

This correlation is a positive correlation

3 0
3 years ago
Read 2 more answers
2.-8x + 2y = -4<br> -2x + 1/2y = -1<br> Solve using substitution
fomenos

Answer:

x=3/4 and y=1

Step-by-step explanation:

8 0
3 years ago
Other questions:
  • The weights of four packets of sugar are shown below: Packet A: 4.42 pounds Packet B: 4.34 pounds Packet C: 4.44 pounds Packet D
    14·1 answer
  • If the total operating cost for a 20-acre organic strawberry farm is $551,520, how many acres are on a farm with a total operati
    11·2 answers
  • In my number, both digits are even numbers. The digit in the tens place is less than the digit in the ones place. The sum of the
    9·1 answer
  • Combine the like terms to create an equivalent expression. 5n-2n
    13·2 answers
  • Im not sure of the answer but its easy
    13·1 answer
  • Evaluate (4x-5)² pls send answers ​
    11·1 answer
  • 8x+5 with an explanation
    10·2 answers
  • What is “four is an even number” in mathematical sentence?
    5·1 answer
  • How does your model represent the problem?
    12·1 answer
  • In many parades, flowers are used to decorate the floats. The table below shows the number of flowers used in each row of a para
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!