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High-Roller Insurance Company insures the cost of injuries to the employees of ACME Dynamite Manufacturing, Inc. i) 30% of injuries are fatal and the rest are permanent total (PT). No other injury types occur. ii) Fatal injuries follow a loglogistic distribution with @= 400 and 7 = 2. iii) PT injuries follow a loglogistic distribution with iv) There is a $750 deductible per injury. Calculate the probability that an injury will result in a claim to High-Roller. Possible Answers <30% 2 30% but <35% ≥ 35% but < 40% D 2 40% but < 45% E ≥ 45% - 600 and 7-2.

High-Roller Insurance Company insures the cost of injuries to the employees of ACME Dynamite Manufacturing, Inc. i) 30% of injuries are fatal and the rest are permanent total (PT). No other injury types occur. ii) Fatal injuries follow a loglogistic distribution with @= 400 and 7 = 2. iii) PT injuries follow a loglogistic distribution with iv) There is a $750 deductible per injury. Calculate the probability that an injury will result in a claim to High-Roller. Possible Answers <30% 2 30% but <35% ≥ 35% but < 40% D 2 40% but < 45% E ≥ 45% - 600 and 7-2.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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High-Roller Insurance Company insures the cost of injuries to the employees of ACME Dynamite Manufacturing, Inc. i) 30% of injuries are fatal and the rest are permanent total (PT). No other injury types occur. ii) Fatal injuries follow a loglogistic distribution with 0-400 and y = 2. iii) PT injuries follow a loglogistic distribution with 0-600 and y -2. iv) There is a $750 deductible per injury. Calculate the probability that an injury will result in a claim to High-Roller. Possible Answers <30% B2 30% but < 35% c≥ 35% but < 40% D≥ 40% but < 45%. E 2 45%
Transcribed Image Text:High-Roller Insurance Company insures the cost of injuries to the employees of ACME Dynamite Manufacturing, Inc. i) 30% of injuries are fatal and the rest are permanent total (PT). No other injury types occur. ii) Fatal injuries follow a loglogistic distribution with 0-400 and y = 2. iii) PT injuries follow a loglogistic distribution with 0-600 and y -2. iv) There is a $750 deductible per injury. Calculate the probability that an injury will result in a claim to High-Roller. Possible Answers <30% B2 30% but < 35% c≥ 35% but < 40% D≥ 40% but < 45%. E 2 45%
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