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)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter2: Equations And Inequalities
Section: Chapter Questions
Problem 59RE
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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
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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