41In most of Europe and Asia annual automobile insurance is determined by the bonus malus system.Each policyholder is givena number (state) and the policy premium is determined as a function of this state.A policy holder's state changes from year to year in response to the number of claims made by the policy holder.Suppose the number of dlaims made by a particular policyholder in any given year, is a Poisson random variable with parameter A.Let. sj(k) be the next state of a policyholder who was in state i in the previous year and who made k claims in that year.The following table is a simplified Bonus-Malus system having 4 statesNext state ifAnnualPremiumStateO claims1 claim 2 claims 3 or more claims12001342503444.4.40026003444.4For A=2A. Find the mean time to retum to state 1 (if you start in state 1):(round to 2 decimals)(round to 2B. Find the expected annual premium for a random person after it has been with the insurance company for a while:decimals)

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Answered: 3. 4. 3. In most of Europe and Asia…

Computer Networking: A Top-Down Approach (7th Edition)

7th Edition

ISBN:9780133594140

Author:James Kurose, Keith Ross

Publisher:James Kurose, Keith Ross

Chapter1: Computer Networks And The Internet

Section: Chapter Questions

Problem R1RQ: What is the difference between a host and an end system? List several different types of end...

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can you solve the last point question 2 C please for making type I error
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You wish to drive from point A to point B along a highway minimizing the time that you are stopped for gas. You are told beforehand the capacity C of you gas tank in liters, your rate F of fuel consumption in liters/kilometer, the rate r in liters/minute at which you can fill your tank at a gas station, and the locations A = x1, ··· , B = xn of the gas stations along the highway. So if you stop to fill your tank from 2 liters to 8 liters, you would have to stop for 6/r minutes. Consider the following two algorithms: (a) Stop at every gas station, and fill the tank with just enough gas to make it to the next gas station. (b) Stop if and only if you don’t have enough gas to make it to the next gas station, and if you stop,fill the tank up all the way. For each algorithm either prove or disprove that this algorithm correctly solves the problem. Your proof of correctness must use an exchange argument.
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