MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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H.W.2

(В)
Discrete uniform
(C)
Poisson
(D)
Binomial
(E)
Either Poisson or Binomial
You are given:
(i)
Low-hazard risks have an exponential claim size distribution with mean 0.
(ii)
Medium-hazard risks have an exponential claim size distribution with mean 20 .
(iii)
High-hazard risks have an exponential claim size distribution with mean 30 .
(iv)
No claims from low-hazard risks are observed.
(v)
Three claims from medium-hazard risks are observed, of sizes 1, 2 and 3.
(vi)
One claim from a high-hazard risk is observed, of size 15.
Determine the maximum likelihood estimate of 0.
(A)
1
(В)
2
(C)
(D)
4
(E)
You are given:
(i)
= pure premium calculated from partially credible data
X partial
(ii)
µ = E[
%3D
partial
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Transcribed Image Text:(В) Discrete uniform (C) Poisson (D) Binomial (E) Either Poisson or Binomial You are given: (i) Low-hazard risks have an exponential claim size distribution with mean 0. (ii) Medium-hazard risks have an exponential claim size distribution with mean 20 . (iii) High-hazard risks have an exponential claim size distribution with mean 30 . (iv) No claims from low-hazard risks are observed. (v) Three claims from medium-hazard risks are observed, of sizes 1, 2 and 3. (vi) One claim from a high-hazard risk is observed, of size 15. Determine the maximum likelihood estimate of 0. (A) 1 (В) 2 (C) (D) 4 (E) You are given: (i) = pure premium calculated from partially credible data X partial (ii) µ = E[ %3D partial
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