Actuarial StatisticsThe severity claims in a year to a insurance provider follow a 3 parameter Burr distributionwith a = = 5, 0 = 2 and y = 1. The number of claims, which is independent on the severity,is uniformly distributed over integers 0 to 10. Find the mean and variance of the aggregateclaims for the insurance provider.

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Answered: Actuarial Statistics The severity…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1. Compare the appropriate measure of center based on the shapes of the distributions. Explain your choice.2. Compare the appropriate measure of variability based on the shapes of the distributions. Explain your choice. 3. Which company is better to work for if you are an average worker?
: Which one of the following statements is True? The units of the Variance are the same as the original data. The Mean can be found from a Box Plot. Relative Frequency equals Frequency multiplied by Total Frequency. An Ogive chart increases in height from left to right. For a unimodal mound shaped distribution that is Skewed Left the Mean is greater than the Median.
The data provided list a sample of the time in seconds to process customers at a ticket counter. A frequency distribution and histogram of the data are also provided. Complete parts a through c. Part 1 a. Summarize the data using the Descriptive Statistics tool. What can you say about the shape of the distribution of times? (Type integers or decimals rounded to two decimal places as needed.) Mean enter your response here Standard Error enter your response here Median enter your response here Mode enter your response here Standard Deviation enter your response here Sample Variance enter your response here Kurtosis enter your response here Skewness enter your response here Range enter your response here Minimum enter your response here Maximum enter your response here Sum enter your response here Count enter your response here…
Use the Histogram tool to develop a frequency distribution and histogram for the number of months as a customer of the bank in the data below. Compute the relative and cumulative relative frequencies and use a line chart to construct an ogive. Complete the frequency distribution for the months as a customer, and compute the relative and cumulative relative frequencies. (Type integers or decimals rounded to three decimal places as needed.) Bins Frequency Relative Frequency Cumulative Relative Frequency 10 enter your response here enter your response here enter your response here 20 enter your response here enter your response here enter your response here 30 enter your response here enter your response here enter your response here 40 enter your response here enter your response here enter your response here 50 enter your response here enter your response here enter your…
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If the mean of a frequency distribution is 100 and the coefficient of variation is 45%, then what is the value of the variance? 1. 2025 2. 450 3. 45 4. 4.5
For the residents in 2014, use R to calculate the interval with 99% certainty that the interval contains the actual population mean of the residents by census tracts. Type in the interval with keyboard. We also know that in each year, the number of residents by census tract in the State of Maryland follows a normal distribution, and the variance in the number of residents within the State of Maryland is the same for different years. POP2014: 3072, 1989, 3794, 2689, 3211, 3722, 4385, 4009, 7598, 3862, 3097, 2726, 4881, 4157, 2570, 2512, 2518, 4863, 4147, 7139, 6067, 6819, 3705, 3239, 3824, 4977, 2576, 2940, 9791, 5231, 5634, 5337, 4205, 3888, 5562, 3335, 3770, 1808, 2045, 1532, 5420, 4993, 6109, 4377, 5424, 4976, 4507, 3738, 2827, 3485, 1559, 5199, 4702, 3971, 3803, 3356, 4670, 3816, 5477, 4760, 3126, 3630, 3755, 3795, 2578, 3382, 4005, 2442, 6096, 3799, 3843, 3836, 6046, 6431, 3561, 3142, 4829, 5058, 2471, 6119, 3523, 3094, 3146, 3356, 2618, 2366, 4266, 4016, 6080, 1554, 6878, 3645,…
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Answer and show complete solution. Pls don't rejectIn a study on the settlement of piles used in building foundations, data on the observed pile settlement were collected and compared with the calculated/estimated values. The ratio of the observed to the calculated settlements is a measure of the accuracy of the calculation method. The ratios are shown in the table below and as can be observed, it shows considerable variability: Ratios of Observed Settlement to Calculated Settlement of Piles 0.12 0.97 0.86 1.14 0.94 2.37 0.88 0.92 1.01 0.99 1.02 1.04 0.99 0.87 0.52 0.94 1.06 1.38 1.04 1.18 1 0.86 0.82 0.84 1.09 a. Assuming that the ratio is a normal random variable, construct a probability plot and observe if the data points follow a linear trend.
Data: 2, 4, 5, 5, 7, 8, 11, 14, 16. For this data, (a) sketch a dot plot, (b) compute SSxx and s, and (c) determine what percentage of the data readings are within one standard deviation of the mean.
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