QUESTION 13In a recent publication, the Statistics Center - Abu Dhabi (SCAD) reported the following classification of education level of labor force in Emirate of Abu Dhabi andcorresponding probabilities.LevelLess than primaryProportion0.170PrimaryLower SecondaryUpper Secondary (High School)Post-Secondary (Diploma)Bachelor0.1710.2160.1350.0370.213Master or PhD0.058Suppose a worker is selected at random, what is the probability that he/she has High school degree, Diploma, or Bachelor degree?

Given : in a recent publication, the Statistics Center - Abu Dhabi (SCAD) reported the…

Answered: QUESTION 13 In a recent publication,…

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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According to a study conducted by a statistical organization, the proportion of people who are satisfied with the way things are going in their lives is 0.84. Suppose that a random sample of 100 people is obtained. Complete parts (a) through (e) below. (a) Suppose the random sample of 100 people is asked, "Are you satisfied with the way things are going in your life?" Is the response to this question qualitative or quantitative? Explain. O A. The response is quantitative because the responses can be classified based on the characteristic of being satisfied or not. O B. The response is quantitative because the number of people satisfied can be counted. O C. The response is qualitative because the number of people satisfied can be counted. OD. The response is qualitative because the responses can be classified based on the characteristic of being satisfied or not. (b) Explain why the sample proportion, p, is a random variable. What is the source of the variability? O A. The sample…
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Year 1 Discussion Questions 2. The following is the experience of Insurer A for the last three years: a. What is the frequency of losses in year 1? b. Calculate the probability of a loss in year 1. c. Calculate the mean losses per year for the collision claims and losses. d. Calculate the mean losses per exposure. e. Calculate the mean losses per claim.. f. What is the frequency of the losses? g. What is the severity of the losses? Number of Exposures 10,000 10,000 10,000 Number of Collision Claims 375 030 420 Collision Losses (5) 350,000 250,000 400,000
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