The claim size distribution for an insurance coverage is modeled as a mixture of a two-parameter Paretowith parameters a = 2, 0 = 1000 with weight and a two-parameter Pareto with parameters a = = 1,0 = 2000 with weight. Calculate the limited expected value at 3000 of the claim sizes. [1.291.29]

Answered: Image /qna-images/answer/243e8a39-3ade-4d70-898e-5cface88ea3b.jpg

Answered: The claim size distribution for an…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

For 50 randomly selected speed dates, attractiveness ratings by males of their female date partners (x) are recorded along with the attractiveness ratings by females of their male date partners (y); the ratings range from 1 to 10. The 50 paired ratings yield x-6.4, y= 6.1, r= - 0.226, P-value = 0.115, and y = 7.81 - 0.269x. Find the best predicted value of y (attractiveness rating by female of male) for a date in which the attractiveness rating by the male of the female is x= 6. Use a 0.10 significance level. The best predicted value of y when x= 6 is (Round to one decimal place as needed.)
For 50 randomly selected speed dates, attractiveness ratings by males of their female date partners (x) are recorded along with the attractiveness ratings by females of their male date partners (y); the ratings range from 1 to 10. The 50 paired ratings yield x= 6.4, y = 6.0, r= - 0.267, P-value = 0.061, and y= 7.90- 0.296x. Find the best predicted value of y (attractiveness rating by female of male) for a date in which the attractiveness rating by the male of the female is x= 4. Use a 0.01 significance level. The best predicted value of y when x= 4 is. (Round to one decimal place as needed.)
What is the optimal time for a scuba diver to be on the bottom of the ocean? That depends on the depth of the dive. The U.S. Navy has done a lot of research on this topic. The Navy defines the "optimal time" to be the time at each depth for the best balance between length of work period and decompression time after surfacing. Let x = depth of dive in meters, and let y = optimal time in hours. A random sample of divers gave the following data. 16.1 22.7 25.3 1.98 32.2 38.3 51.3 20.5 y 2.78 1.88 1.03 0.75 2.38 2.20 (a) Find Ex, Ey, Ex, Ey", Exy, and r. (Round r to three decimal places.) Ex= Ey= Ey? - Exy = (b) Use a 1% level of significance to test the claim that p < 0. (Round your answers to two decimal places.) critical t= Conclusion O Fail to reject the null hypothesis. There is sufficient evidence that p < 0. O Fail to reject the null hypothesis. There is insufficient evidence that p < 0. Reject the null hypothesis. There is sufficient evidence that p < 0. Reject the null hypothesis.…
What is the optimal time for a scuba diver to be on the bottom of the ocean? That depends on the depth of the dive. The U.S. Navy has done a lot of research on this topic. The Navy defines the "optimal time" to be the time at each depth for the best balance between length of work period and decompression time after surfacing. Let x = depth of dive in meters, and let y = optimal time in hours. A random sample of divers gave the following data.x 12.1 26.3 32.2 38.3 51.3 20.5 22.7y 2.48 2.18 1.48 1.03 0.75 2.38 2.20 a) Find the predicted optimal time in hours for a dive depth of x = 22 meters. (Round your answer to two decimal places.)______ hr b) Find an 80% confidence interval for y when x = 22 meters. (Round your answers to two decimal places.)lower limit= ____ hrupper limit =____hr c) Find a 90% confidence interval for ? and interpret its meaning. (Round your answers to three decimal places.)lower limit =upper limit=
The Central Limit Theorem says that the standard deviation of the sampling distribution of the sample means is (A exactly equal to the standard deviation. (B close to the population mean if the sample size is small close to the population standard deviation if the sample size is large. equal to the population standard deviation divided by the square root of the sample D size.
For 50 randomly selected speed dates, attractiveness ratings by males of their female date partners (x) are recorded along with the attractiveness ratings by females of their male date partners (y); the ratings range from 1 to 10. The 50 paired ratings yield x = 6.4, y = 5.9, r= - 0.319, P-value = 0.024, and y = 8.29 – 0.379x. Find the best predicted value of y (attractiveness rating by female of male) for a date in which the attractiveness rating by the male of the female is x = 8. Use a 0.10 significance level. ..... The best predicted value of y when x= 8 is (Round to one decimal place as needed.)
The level of nitrogen oxides (NOX) and nonmethane organic gas (NMOG) in the exhaust over the useful life (150,000150,000 miles of driving) of cars of a particular model varies Normally with mean 8080 mg/mi and standard deviation 66 mg/mi. A company has 1616 cars of this model in its fleet. Using Table A, find the level ?L such that the probability that the average NOX + NMOG level ?¯x¯ for the fleet greater than ?L is only 0.030.03 ? (Enter your answer rounded to three decimal places. If you are using CrunchIt, adjust the default precision under Preferences as necessary. See the instructional video on how to adjust precision settings.)
What is the optimal time for a scuba diver to be on the bottom of the ocean? That depends on the depth of the dive. The U.S. Navy has done a lot of research on this topic. The Navy defines the "optimal time" to be the time at each depth for the best balance between length of work period and decompression time after surfacing. Let x = depth of dive in meters, and let y = optimal time in hours. A random sample of divers gave the following data. 15.1 26.3 31.2 38.3 51.3 20.5 22.7 y 2.68 2.38 1.48 1.03 0.75 2.38 2.20 (a) Find Ex, Ey, Ex², Ey², Exy, and r. (Round r to three decimal places.) Σχ = Ey = Ex? = Ey? = Σχy r = (b) Use a 1% level of significance to test the claim that p < 0. (Round your answers to two decimal places.) t = critical t = Conclusion O Fail to reject the null hypothesis. There is insufficient evidence that p < 0. O Fail to reject the null hypothesis. There is sufficient evidence that p < 0. O Reject the null hypothesis. There is insufficient evidence that p < 0. O…
For 50 randomly selected speed dates, attractiveness ratings by males of their female date partners (x) are recorded along with the attractiveness ratings by females of their male date partners (y); the ratings range from 1 to 10. The 50 paired ratings yield x = 6.4, y = 6.0, r=-0.233, P-value = 0.104, and ŷ= 7.88 -0.292x. Find the best predicted value of y (attractiveness rating by female of male) for a date in which the attractiveness rating by the male of the female is x = 4. Use a 0.01 significance level. The best predicted value of y when x = 4 is (Round to one decimal place as needed.)
What is the optimal time for a scuba diver to be on the bottom of the ocean? That depends on the depth of the dive. The U.S. Navy has done a lot of research on this topic. The Navy defines the "optimal time" to be the time at each depth for the best balance between length of work period and decompression time after surfacing. Let x = depth of dive in meters, and let y = optimal time in hours. A random sample of divers gave the following data. 16.1 23.3 29.2 38.3 51.3 20.5 22.7 2.68 2.18 1.88 1.03 0.75 2.38 2.20 (c) Find S, a, and b. (Round your answers to five decimal places.) e' Se a = b = (d) Find the predicted optimal time in hours for a dive depth of x = 38 meters. (Round your answer to two decimal places.) hr (e) Find an 80% confidence interval for y when x = 38 meters. (Round your answers to two decimal places.) lower limit hr upper limit hr (f) Use a 1% level of significance to test the claim that ß < 0. (Round your answers to two decimal places.) t = critical t = (g) Find a 90%…
A book seller has the following schedule of weekly. demand for the book "Elementary Quantitative Methods" No. of copies on demand : Probability : 100 200 300 400 500 .02 .05 .09 .12 .20 .15 Find the expected number of copies demanded per week.
What is the optimal time for a scuba diver to be on the bottom of the ocean? That depends on the depth of the dive. The U.S. Navy has done a lot of research on this topic. The Navy defines the "optimal time" to be the time at each depth for the best balance between length of work period and decompression time after surfacing. Let x = depth of dive in meters, and let y = optimal time in hours. A random sample of divers gave the following data. x 16.1 26.3 29.2 38.3 51.3 20.5 22.7 y 2.68 1.98 1.48 1.03 0.75 2.38 2.20 (b) Use a 1% level of significance to test the claim that ? < 0. (Round your answers to two decimal places.) t = critical t =

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

The claim size distribution for an insurance coverage is modeled as a mixture of a two-parameter Pareto with parameters a = 2, 0 = 1000 with weight and a two-parameter Pareto with parameters a = = 1₁ 0 = 2000 with weight. Calculate the limited expected value at 3000 of the claim sizes. [1,291.29]