Determine the number of trucks you have in the southeast

Assignment Help Project Management

Reference no: EM133450277

Suppose you are the risk manager for UPS and you self-insure the property - damage liability risk you face from the fleet of trucks that operate in the Southeast region. Assume each exposure's loss distribution is independent and identically distributed and, based upon historical data, you know the mean of the loss distribution for one truck is $4000 and the variance of loss is 11,325,000. Assume an actuarial consultant has concluded that you can be 99 percent certain there will be enough funds available to pay all loss obligations if you set aside the expected loss plus a 10 percent safety loading on each truck. Determine the number of trucks you have in the Southeast region.

Reference no: EM133450277

Questions Cloud

Develop a general layout of the company : Develop a general layout of the company that you work for or any company that you know of. 2. Identify the Front-Office and Back-Office, and explain why

Describe how within your present organization the role : You can also use a more personal example if you volunteer for an organization or have worked in some other type of team

Discuss management coding : For this discussion, let's put this idea into practice for Evaluation and Management coding.

What is emotional intelligence and how does it apply : What is emotional intelligence and how does it apply in projects? Why is Negotiation and conflict resolution an important skill for a Project Manager (PM)

Determine the number of trucks you have in the southeast : if you set aside the expected loss plus a 10 percent safety loading on each truck. Determine the number of trucks you have in the Southeast region

What similarities do you see between the administration : What similarities do you see between the administration of China under Qin Shihuangdi and the Achaemenid dynasty under Darius?

Explain why it is important to understand : Explain why it is important to understand, not only the overall cost of your project, but also understand

What does this line suggest about the purpose of religious : Virgil's last line to Dante is: "Lord of yourself I crown and mitre you." What does this line suggest about the purpose of religious and political institutions

What are some trends you see affecting : What are some trends you see affecting marketing communications? Provide examples of the trends by discussing specific brands

User Account

All Pages