ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Chapter 14, Problem 30P
To determine

Introduction: Inflation is the economic condition which enhances the prices of the products in the market and reduces the buyer’s buying capacity. It is a quantitative measure to find the average rate of increase in the price of products and services in an economy over a specific period.

To calculate: The real dollar value of an item.

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An actuary analyzes a company’s annual personal auto claims, M and annual commercialauto claims, N . The analysis reveals that V ar(M ) = 1600, V ar(N ) = 900, and thecorrelation between M and N is ρ = 0.64. Compute V ar(M + N ).
Don't used hand raiting
Answer in step by step with explanation. Don't use Ai.

Chapter 14 Solutions

ENGR.ECONOMIC ANALYSIS

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