The loss elimination ratio (LER) forthe exponential loss model withmean = 10 when applying adeductible policy at d=5 is equal to:(Hint: E(X 5)+ = 6.06O a. 0.606O b. 0.725c. 0.394O d. 0.275 Let T3 = waiting time between the2nd and 3rd events in a Poissonprocess with a rate of 0.2 per unit oftime.Then E(T3)O a. 0.1O b. 0.2O c. 5O d. 10

1): option (a) correct choice 2): option (c) correct choice

Answered: The loss elimination ratio (LER) for…

The loss elimination ratio (LER) for the exponential loss model with mean = 10 when applying a deductible policy at d=5 is equal to: (Hint: E(X 5)+ = 6.06 O a. 0.606

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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Concept explainers

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.

Question

The loss elimination ratio (LER) for
the exponential loss model with
mean = 10 when applying a
deductible policy at d=5 is equal to:
(Hint: E(X 5)+ = 6.06
O a. 0.606
O b. 0.725
c. 0.394
O d. 0.275

Let T3 = waiting time between the
2nd and 3rd events in a Poisson
process with a rate of 0.2 per unit of
time.
Then E(T3)
O a. 0.1
O b. 0.2
O c. 5
O d. 10

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