Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
8.29 A group life insurance policy has an accidental death rider. For ordinary deaths, the benefit is 10,000; however, for accidental deaths, the benefit is 20,000. The insureds are approximately the same age, so it is reasonable to assume they all have the same claim probabilities. Let them be 0.97 for no claim, 0.01 for an ordinary death claim, and 0.02 for an accidental death claim. A reinsurer has been asked to bid on providing an excess reinsurance that will pay 10,000 for each accidental death.
(a) The claim process can be modeled with a frequency component that has the Bernoulli distribution (the event is claim/no claim) and a two-point severity com ponent (the probabilities are associated with the two claim levels, given that a claim occurred). Specify the probability distributions for the frequency and sever ity random variables.
(b) Suppose the reinsurer wants to retain the same frequency distribution. Deteanine the modified severity distribution that will reflect the reinsurer's payments.
(c) Determine the reinsurer' s frequency and severity distributions when the severity distribution is to be conditional on a reinsurance payment being made.
Give an example of a country other than the US outsourcing to another country other than the US?
Have you ever walked into a Wal-Mart store to find an item out of stock? Using the concepts discussed forecasting and in this module economic order quantity, address the following questions: How does Wal-Mart ensure that its shelves are always full? ..
MATH 54 QUIZ 11. Express the given system of differential equations in matrix notation - x'1 = -2x2 + x1 - 4x3
Draw the complete ER diagrams for the entities and their relationships for the Invoice Form below. Indicate weak entities and show cardinality. Again, be reasonable in the attribute listing you provide but be sure to show the identifier.
find a 90% confidence interval for the population mean price per basket that farmers in this region get for their peach crop. Be sure to use the $ in your answer and round your answer to 2 decimal places.
What is the total dollar amount to be repaid on the loan, including principle and interest, for the entire year?
Find the velocity and acceleration at time t. Find the position, velocity, and acceleration of the mass at time t = 5 π/6. In what direction is it moving at that time?
The braking distance y in feet that it takes the car to stop on wet, level pavement can be estimated by y=1/16x^2, where x is the speed of the car in miles per hour. Find the speed associated with the braking distance of 169 feet.
The trigonometric functions y = sin x and y = cos x have amplitude and period . Sketch a graph of each function on the interval [0, 2!].
It costs a company $12 to purchase an hour of labor and $15 to purchase an hour of capital. If L hours of labor and K units of capital are available, then L23K13 machines can be produced. Suppose the company has $10,000 to purchase labor and capit..
a ladder 22 feet long leans against the side of a house. suppose the angle of elevation is 70 degrees.a find the height
Construct a Venn diagram to portray the events designated P and M.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd