Deductible A car owner may buy insurance that will paythe full price of repairing the car after an at-fault accident,or save $12 a year by getting a policy with a $500 deduct-ible. Her insurance company says that about 0.5% of driversin her area have an at-fault auto accident during any givenyear. Based on this information, should she buy the policywith the deductible or not? How does the value of her carinfluence this decision?

Answered: Image /qna-images/answer/5822fb6e-2d2c-44c0-ae4e-ef159bd6759d.jpg

Answered: Based on this information, should she…

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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1. Fill in the blanks for each of the statements below. а. A survey of 1000 U.S. adults found that 40% think the internet is the best way to get news and information. Population: Sample: Variable of Interest: Type of Data (Qualitative or Quantitative): Is the 40% a parameter or statistic, and why? b. A survey of the 55 law firms in a local city found that the average hourly billing rate is $425. Population: Sample: Variable of Interest: Type of Data (Qualitative or Quantitative): Is the $425 a parameter or statistic, and why?.
Mr Hail, Miss rain and Mrs Snow all apply for a job as a park keeper. Whichever one gets the job will have to open the gates of the park at 5.30 am. If Mr Hail gets the job, he will only open the gates on time 50% of the time. If Miss rain gets the job she will only open the gates on time 40% of the time. If Mrs Snow gets the job she will always open the gates on time. Assume that Mr hail has a 40 % chance of getting the job, and that Miss rain and Miss Snow each have a 30 % chance of getting the job. What is the probability that the parks gates will be opened on time ? Question 39Select one: a. 0.6200 b. 0.3500 c. 0.2000 d. 0.3200 Refer to the question above. Using the same data, if the gates are opened on time, what is the probability that Mrs Snow got the job? Question 40Select one: a. 0.0857 b. 0.3429 c. 0.4839 d. 0.5061
from Silva and Tenreyro (2017), plots the total fertility rate against real per capita income for 88 countries in 1960 (circles) and in 2013 (triangles). Figure 3 Fertility-Income Relation in 1960 and 2013 O 1960 4 2013 Fited line 1960 Fitted line 2013 GDP per capita (USS) Source: Authors using data from the World Development Indicatorn database. Note For a sample of 88 countries, the figure shows the scanerplos and fined line (that is, the kowess smoothed relationship or locally weighted snoothing function) between the total fertility rate and log of per capita GDP (in constant 2005 USS) in 1960 and 2013. The xaxis is log scale. Describe in words what the figure reveals about the relationship be- tween the level of income per capita and fertility in 2013 across countries and discuss to which extend the empirical relationship observed in 2013 is or is not consistent with the predictions of the Solow growth model with population growth, which takes fertility as exogenously given. In…
Consider the plot below showing the home range territories of several packs of wolves. Answer the following questions. With which other packs does Pack 1 share territory? Does Pack 1 maintain a core territory exclusive of other packs? If so, sketch its borders. With which other packs does Pack 3 share territory? Does Pack 3 maintain a core territory exclusive of other packs? If so, sketch its borders. Which area is shared by the most packs? Sketch its borders.
Determine the minimum distance required to get from farm 1 to farm 6. The farmers decided to install cable for television and Internet connections. Determine the minimum amount of cable required to connect all 6 farms.
I have money earned from working 40 hours a week, and I have money from a lottery scratcher. Our text tells us that we will likely treat these dollars differently. True False

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