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A company provides its three employees with health insurance under a group plan. For each employee, the probability of incurring medical expenses during a year is 0.9, so the number of employees incurring medical expenses during a year has a binomial distribution with p = 0.9 and n = 3. Given that an employee incurs medical expenses during a year, the total amount for the year has the distribution $100 with probability 0.9 or $10,000 with probability 0.1. The company has a $5,000 deductible clause with the insurance company so that each year the insurance company pays the total medical expenses for the group in excess of $5,000. Use the uniform random numbers 0.01 and 0.20, in the order given, to generate the number of claims based on a binomial distribution for each of 2 years. Use the following uniform random numbers, in the order given, to generate the amount of each claim: 0.80, 0.95, 0.70, 0.96, 0.54, 0.01. Calculate the total amount that the insurance company pays for 2 years.
the following is the heart rate for 10 randomly selected patients on the unit. find the mean variance and standard
The procedure square-list takes a list of numbers as argument and returns a list of the squares of those numbers. (square-list (list 1 2 3 4)) (1 4 9 16) Here are two different definitions of square-list. Complete both of them by filling in the mi..
question in a city in italy 30 of the families have a mastercard 20 have an american express card and 25 have a visa
The weighs of newborn elephants are normally distributed.
A consumer electronics firm has developed a new type of remote control button that is designed to operate before becoming intermittent.
a trucking firm delivers appliances for a large retail operation. the packages or crates have a mean weight of 294 lb.
consider the three samples listed in the tablea 153b 06252c 31263obtain the sample mean and the sample standard
a single strain gage has a nominal resistance of 120 ohm. for a quarter bridge with 120 ohm fixed resistors the voltage
Infomercials often peddle products under the guise of "studies show," While some of the products are surprisingly good, many aren't.
an investor estimates that there is a 75 chance that a particular mutual funds price will increase to 100 per share
q1. the police chief in montgomery wants to know if the citys population feels that the police are doing a good job. in
a sample of 200 smokers were asked at what age they started smoking. the sample mean was 18.3 years with a standard
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