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100 hurricanes in the next decade, now many hurricanes Will cause a 20 bllion loss or more? (D) What amount of losses would put a hurricane in the top 1% of losses? For the toolbar press ALT+E10 (PC) or ALT+EN+F10 (Mac)

100 hurricanes in the next decade, now many hurricanes Will cause a 20 bllion loss or more? (D) What amount of losses would put a hurricane in the top 1% of losses? For the toolbar press ALT+E10 (PC) or ALT+EN+F10 (Mac)

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Please help with part D.

You are employed at an insurance company and are asked to calculate the probabilities of various financial losses due to hurricanes. Typically hurricanes tend to cause 10 billion dollars worth of losses (i.e. claims) with a standard deviation of 4 billion and these losses are normally distributed. (A) What percent of hurricanes will cause losses between 4 and 12 billion dollars? (B) To the nearest percent, find the probability that a hurrican causes less than 1 billion dollar worth of losses? (C) To the nearest percent, find the probability of a catastrophic loss of 20 billion or more? If there are expected to be 100 hurricanes in the next decade, how many hurricanes will cause a 20 billion loss or more? (D) What amount of losses would put a hurricane in the top 1% of losses? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
Transcribed Image Text:You are employed at an insurance company and are asked to calculate the probabilities of various financial losses due to hurricanes. Typically hurricanes tend to cause 10 billion dollars worth of losses (i.e. claims) with a standard deviation of 4 billion and these losses are normally distributed. (A) What percent of hurricanes will cause losses between 4 and 12 billion dollars? (B) To the nearest percent, find the probability that a hurrican causes less than 1 billion dollar worth of losses? (C) To the nearest percent, find the probability of a catastrophic loss of 20 billion or more? If there are expected to be 100 hurricanes in the next decade, how many hurricanes will cause a 20 billion loss or more? (D) What amount of losses would put a hurricane in the top 1% of losses? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
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