5. For aggregate losses, S:• The amount of loss is assumed to follow a negative binomial distribution with a mean of 3 and avariance of 3.6• The amount of loss for each claim submitted by the policyholder is known to follow a uniformdistribution with parameters 0 and 20.Define:a) 95%th percentile of the S distribution using the normal approximationb) 95%th percentile of the S distribution using the lognormal approach

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Answered: Define: a) 95%th percentile of the S…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

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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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Find the z-score such that: (a) The area under the standard normal curve to its left is 0.5699z = (b) The area under the standard normal curve to its left is 0.742z = (c) The area under the standard normal curve to its right is 0.1525z = (d) The area under the standard normal curve to its right is 0.3269z =
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A normal distribution has a mean of=100 with a SD= 20 . If one score is randomly selected from this distribution. What is the probability that the score will have a value between X=100 and X=130? NOTE: Using the z-score table attached
The undergraduate grade point averages (UGPA) of students taking an admissions test in a recent year can be approximated by a normal distribution, as shown in the figure. (a) What is the minimum UGPA that would still place a student in the top 10% of UGPAS? (b) Between what two values does the middle 50% of the UGPAS lie? u= 3.24 lo=0.18 2.48 3.24 Grade point average (a) The minimum UGPA that would still place a student in the top 10% of UGPAS is (Round to two decimal places as needed.) (b) The middle 50% of UGPAS lies between on the low end and on the high end. (Round to two decimal places as needed.)
The undergraduate grade point averages (UGPA) of students taking an admissions test in a recent year can be approximated by a normal distribution, as shown in the figure. (a) What is the minimum UGPA that would still place a student in the top 5% of UGPAS? (b) Between what two values does the middle 50% of the UGPAS lie? u= 3.22 \야 0.18| 2.44 Grade point average 3.22 (a) The minimum UGPA that would still place a student in the top 5% of UGPAS is (Round to two decimal places as needed.) Video Textbook Print Clear all Check answer
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The test scores for the analytical writing section of a particular standardized test can be approximated by a normal distribution, as shown in the figure. (a) What is the maximum score that can be in the bottom 20% of scores? (b) Between what two values does the middle 60% of scores lie? µ = 3.3 o = 0.92 0.6 3.3 6. Score (a) The maximum score that can be in the bottom 20% is (Round to two decimal places as needed.)
The undergraduate grade point averages (UGPA) of students taking an admissions test in a recent year can be approximated by a normal distribution, as shown in the figure. (a) What is the minimum UGPA that would still place a student in the top 15% of UGPAS? (b) Between what two values does the middle 50% of the UGPAS lie? 2.48 3.24 Grade point average (a) The minimum UGPA that would still place a student in the top 15% of UGPAs is 3.41. (Round to two decimal places as needed.) H=3.24 0.16 (b) The middle 50% of UGPAS lies between on the low end and on the high end. (Round to two decimal places as needed.) Q G
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Define: a) 95%th percentile of the S distribution using the normal approximation b) 95%th percentile of the S distribution using the lognormal approach