Problem regarding the hurricane insurance

Assignment Help Basic Statistics

Reference no: EM131008970

Hurricane insurance

An insurance company needs to assess the risks associated with providing hurricane insurance. Between 1990 and 2006, Florida was hit by 22 tropical storms or hurricanes. If tropical storms and hurricanes are independent and the mean has not changed, what is the probability of having a year in Florida with each of the fol- lowing. (Note that 1990 to 2006 is 17 years.)

a) No hits?

b) Exactly one hit?

c) More than three hits?

Reference no: EM131008970

Questions Cloud

Problem regarding the american red cross : Only 4% of people have Type AB blood. A bloodmobile has 12 vials of blood on a rack. If the distribution of blood types at this location is consistent with the general population, what's the probability they find AB blood in:

Problem regarding the professional tennis : Serena Williams made a successful first serve 67% of the time in a Wimbledon finals match against her sister Venus. If she continues to serve at the same rate the next time they play and serves 6 times in the first game, determine the following pr..

Find the scaling factor of the original velocity vector : A satellite rotates around the globe at 16,000 km/h. To reenter into the atmosphere, the speed is reduced by 1000 km/h by firing a small rocket in the direction opposite that of the satellite's motion. What are the velocity vectors of the sate..

Find average rate of change of percentage of e-filed returns : Find the average rate of change of the percentage of e-filed returns from 2000 to 2002. Find the average rate of change of the percentage of e-filed returns from 2004 to 2006.

Problem regarding the hurricane insurance : An insurance company needs to assess the risks associated with providing hurricane insurance. Between 1990 and 2006, Florida was hit by 22 tropical storms or hurricanes. If tropical storms and hurricanes are independent and the mean has not change..

Find the effective range of the radar : Application: Radar cross section. A radar is used for navigational purposes. A fixed radar station transmits at 3 GHz and 100 kW. If the smallest ocean-going ship has a radar cross section of 200 m2 and the radar antenna gain is 15 dB, find the e..

Mean number of stops per hour : a) What is the mean number of stops per hour? b) What is the standard deviation of stops per hour?

Side effects-credit cards : Researchers testing a new medication find that 7% of users have side effects. To how many pa- tients would a doctor expect to prescribe the medication before finding the first one who has side effects?

Summarize bass leadership approaches : Be sure to include the following in your essay: Summarize Bass' leadership approaches. Summarize the follower-focused leadership theories: servant leadership, authentic leadership, and leader member exchange (LMX)

User Account

All Pages