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Given an event A, define the conditional expectation of Y given A as
where IA is the indicator random variable.
(a) Let Y ∼ Exp(λ). Find E[Y |Y > 1].
(b) An insurance company has a $250 deductible on a claim. Suppose C is the amount of damages claimed by a customer. Let X be the amount that the insurance company will pay on the claim. Suppose C has an exponential distribution with mean 300. That is,
Find E[X], the expected payout by the insurance company.
Choose a partner from among your classmates and put together a list of factors that might mean the difference between success and failure of a new company entering the business technology industry.
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Changes often result from new IT systems and new information used in the developmentof new products and delivery of new services
Suppose the programs for a Lions home game cost $2.00 to print and sell for $5.00. Program demand is normally distributed with a mean of 30,000 and a standard deviation of 2000
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