A flow of claims arriving at an insurance company is represented by a homogeneous Poisson process Nt in continuous time. (For now, we just count the number of claims arrived by time t.) Suppose that the mean inter-arrival time is equal to 1/X, where X is a positive parameter. Let the unit of time be an hour. Question 13 What's P(N3 ≤4) ? -12X e -3A e¯³λ (1 + 3A + ²/A² + 2/³ + 2714) e-3A (1+3+²+ /A³) e¯4λ (1 + 4λ + 8X² + 32 1³ + 32² 14)
A flow of claims arriving at an insurance company is represented by a homogeneous Poisson process Nt in continuous time. (For now, we just count the number of claims arrived by time t.) Suppose that the mean inter-arrival time is equal to 1/X, where X is a positive parameter. Let the unit of time be an hour. Question 13 What's P(N3 ≤4) ? -12X e -3A e¯³λ (1 + 3A + ²/A² + 2/³ + 2714) e-3A (1+3+²+ /A³) e¯4λ (1 + 4λ + 8X² + 32 1³ + 32² 14)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Question
![A flow of claims arriving at an insurance company is represented by a homogeneous Poisson process Nt in continuous time. (For
now, we just count the number of claims arrived by time t.) Suppose that the mean inter-arrival time is equal to 1/λ, where A is a
positive parameter. Let the unit of time be an hour.
Question 13
What's P(N3 ≤ 4) ?
e-121
8
-³λ
(1 + 3A + ²/A² + ¾/A³ + 27 (4)
e−³λ (1 + 3λ + ½ λ² +³/-1³)
е
−4λ (1 + 4λ + 8λ² + 3²2 1³ + 32²14)
Question 14
What is P(N3 ≥ 3) ?
1- e-9A
1
(1 + 3A + ⁹1²)
2
1 — e−³A
e−³λ (1 + 3A + ²⁄2 λ² + 2/A³)
1 − e¯¹λ (1 + 4λ + 8A² + ³/²2 A³)
·e
-3X](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa574767a-1b28-48ab-9fd0-f3b0aa8802f7%2F6b413b58-a23e-4b4d-b787-77aeeb842a65%2Fnfwpk3j_processed.png&w=3840&q=75)
Transcribed Image Text:A flow of claims arriving at an insurance company is represented by a homogeneous Poisson process Nt in continuous time. (For
now, we just count the number of claims arrived by time t.) Suppose that the mean inter-arrival time is equal to 1/λ, where A is a
positive parameter. Let the unit of time be an hour.
Question 13
What's P(N3 ≤ 4) ?
e-121
8
-³λ
(1 + 3A + ²/A² + ¾/A³ + 27 (4)
e−³λ (1 + 3λ + ½ λ² +³/-1³)
е
−4λ (1 + 4λ + 8λ² + 3²2 1³ + 32²14)
Question 14
What is P(N3 ≥ 3) ?
1- e-9A
1
(1 + 3A + ⁹1²)
2
1 — e−³A
e−³λ (1 + 3A + ²⁄2 λ² + 2/A³)
1 − e¯¹λ (1 + 4λ + 8A² + ³/²2 A³)
·e
-3X
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