An individual who has automobile insurance from a certain company is randomly selected. Let y be the number of moving violations for which the individual was cited during the last 3 years. The pmf of Y is the following.y010.45 0.25230.25 0.05P(Y)(a) Compute E(Y).E(Y) =(b) Suppose an individual with Y violations incurs a surcharge of $90Y2. Calculate the expected amount of the surcharge.$

1) It is given that the random variable Y denote the number of moving violations for which the…

Answered: (a) Compute E(Y). E(Y) = (b) Suppose an…

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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17. Trepy Bros, has been doing business for a very long time. The board has assessed the gross yearly income after t a long time to be V(10t2 +t + 236) in large number of dollars. What was the yearly pace of development of income following four years? As a rate, what was the pace of development of the profit following four years?
1. Approximate (1.999) by using linearization.
.0984x=x/(0.001-x)(0.0002-x)
In the world of mathematical finance, an important skill for any quantitative analyst is to price derivatives. These usually come in the form of options as well as other more exotic financial instruments. For this project we will focus on something called European Call options. We will see how you can estimate the price of an underlying asset (usually a stock) at some time in future T and use this to find how much an option should cost today. First, lets take a look at what a European call option actually is. The idea behind the European call option is that you will enter into a contract with someone that grants you the right, but not the obligation, to purchase some number of shares of a stock at a pre-determined price, called the strike price. In this paper we will say that the payoff for a European call option can be given by: max {S(t) – K, 0}. The reason we do this is because, it would not make sense to exercise the option if the price of the underlying asset is below the strike…
4. Given the equation tr+1 = )(2)7+* (x)7-r(y)".calculate the fifth term. %3D
4. Suppose that the weekly sales S (in thousands of units) t weeks after a new software has been 200 introduced are given by S= When will sales be greater than or equal to 8 thousand ? +100 units per week? (Use and interval table)
Suppose that tax paid by a certain person per year is denoted T;, and is calculated using the following relationship to that persons gross income (G₁): Ti = 0.25(G₁ - 10000) (i.e, only people who have an income over $10,000 per year are taxed, and only the income beyond $10,000). You are told that the total gross income for an area with 200 people is $6,000,000. Assume that all the people measured make over $10,000 a year. (a) Find the total taxes collected for the 200 people. (b) Find ΣT; for the 200 people. 100 (c) Find (2G₁ – 40) for the 200 people.
2. A loan Lis repaid using increasing payments. The first payment, made at t = 1, is of amount 200, and each subsequent payment increases by a factor of (1.05), with the last payment at t = t= 10, the borrower decides to make an additional payment of X, which allow him to halve the size of the remaining payments (t = 11, ., 20). Determine L and X if the effective interest is 8%. 20. However, at %3D
e 34. The sales of a company rose from Rs. 30,000 in the month of February to. Rs. 35,000 in the month of March. The seasonal indices for these two months are 105 and 140. respectively. The owner of the company was not satisfied by this increase of Rs. 5000 in the month of March, He expected much more because of the seasonal index. How much could he expect on the basis of the seasonal index ? one
The profit that Jenny got from selling street foods in CTU have increased at a constant rate of P1100 in each of the last 3 years. If this year’s profit (end of year 1) is expected to be P6000 and the profit trend continues through year 5, (a) what will the profit be at the end of year 5 (b) what is the present worth of the profit at an interest rate of 8% per year?

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(a) Compute E(Y). E(Y) = (b) Suppose an individual with Y violations incurs a surcharge of $90Y2. Calculate $