You are employed at an insurance company and are asked to calculate the probabilities of various financial losses due to hurricanes. Typically hurricanes tend to cause $10 billion worth of losses (i.e. claims) with a standard deviation of 4 billion and these losses are normally distributed.A) what percent of hurricanes will cause losses between 4 and 12 billion dollars?B) to the nearest percent, find the probability that a hurricane causes less than $1 billion worth of losses? C) to the nearest percent, find the probability of a catastrophic loss of 20 billion or more? If there are expected to be 100 more hurricanes in the next decade, how many hurricanes will cause a 20 billion dollar loss or more?D) what amount of losses would put a hurricane in the top 1% of losses? You are employed at an insurance company and are asked to calculate the probabilities of various financial losses due to hurricanes. Typically hurricanes tend to cause 10 billion dollars worth of losses (Le. claima) with a standard deviation of 4 billion and these losses are normaly distributed.(A) What percent of hurricanes will cause losses between 4 and 12 billion dollars?(C) To the nearest percent, find the probability of a catastrophic loss of 20 bilion or more? If there are expected to be 100 huricanes in the next decade, how many hurricanes will cause a 20 bilion loss or more?(D) What amount of losses would put a hurricane in the top 1% of losses?For the toolbar, press ALT+F10 PCor ALT+FN+F10 (Mac).BIVS Paragraph- E E A 2 I x D O Q 6 E =X,田由田回OWORDS POWERO TAYQueston tof

We want to find the following probability X~Normal(mean=10,standard deviation=4) Note:According to…

Answered: You are employed at an insurance…

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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You are employed at an insurance company and are asked to calculate the probabilities of various financial losses due to hurricanes. Typically hurricanes tend to cause $10 billion worth of losses (i.e. claims) with a standard deviation of 4 billion and these losses are normally distributed. A) what percent of hurricanes will cause losses between 4 and 12 billion dollars? B) to the nearest percent, find the probability that a hurricane causes less than $1 billion worth of losses? C) to the nearest percent, find the probability of a catastrophic loss of 20 billion or more? If there are expected to be 100 more hurricanes in the next decade, how many hurricanes will cause a 20 billion dollar loss or more? D) what amount of losses would put a hurricane in the top 1% of losses?