Consider the random sum S = X₁ + X2 + ... + XN where N represents claim frequencyand X₁ represents severity.Assume that X ~ NB(r = 2,3 = 3). Evaluate fo, f1, f2.

Given that the random sum S=X1+X2+ . . .+XN where N represents claim frequency and Xi represents…

Answered: Consider the random sum S = X₁ + X₂ +…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

Determine whether the random variable is discrete or continuous. In each case, state the possible values of the random variable. (a) The number of people with blood type A in a random sample of 14 people. (b) The time it takes to fly from City A to City B. (a) is the number of people with blood type A in a random sample of 14 people discrete or continuous? OA. The random variable is continuous. The possible values are 0≤x≤ 14. B. The random variable is discrete. The possible values are x = 0, 1, 2,..., 14. OC. The random variable is discrete. The possible values are 0 ≤x≤ 14. O D. The random variable is continuous. The possible values are x = 0, 1, 2,..., 14. (b) is the time it takes to fly from City A to City B discrete or continuous? .RE OA. The random variable is continuous. The possible values are t> 0. OB. The random variable is discrete. The possible values are t= 1, 2, 3, ... OC. The random variable is discrete. The possible values are t > 0. OD. The random variable is…
The time to wait for a drive through order at Mcdonald's is uniformly distributed between 5 and 12 minutes. Write the distribution of the random variable X using the correct noration. Draw the probability distribution that represents this situation. What is the probability that a customer waits more than 10 mins for their order- write the probability statement mathmatically using correct notation with graph, anser in full sentesnce. Find the probability a customer waits between 6 and 8 minutes, given that the customer waited less than 10 mins. What is the 75th percential of the original distribution-include graph.
Suppose the time (minutes) an Instructor spends grading a Math 10 quiz is uniformly distributed in the interval (8, 25). How long it takes the instructor to grade 65% of the quizzes?
A continuous random variable is normally distributed. The probability that a value in the distribution is greater than 47 is 0.3085. Find the probability that a value in the distribution is less than 47.
Use the data in the following table, which lists drive-thru order accuracy at popular fast food chains. Assume that orders are randomly selected from those included in the table. Drive-thru Restaurant с 250 39 A B 317 269 60 D 146 12 Order Accurate Order Not Accurate 38 If one order is selected, find the probability of getting an order from restaurant B or D or an order that is not accurate. The probability of getting an order from restaurant B or D or an order that is not accurate is (Round to three decimal places as needed.)
Lakhu
The flight from Greenville to Charlotte can take anywhere from 43 minutes to 68 minutes. Suppose the random flying times, X, are uniform from 43 to 68 minutes. What is the probability a flight last longer than 59? or P(X>59) Do not round.
A continuous random variable is normally distributed. The probability that a value in the distribution is less than 135 is 0.3454. Find the probability that a value in the distribution is greater than 135

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

Consider the random sum S = X₁ + X₂ + ... + XN where N represents claim frequency and X, represents severity. Assume that X ~ NB(r = 2, 3 = 3). Evaluate fo, f1, f2.