Stats: Data and Models
Stats: Data and Models
5th Edition
ISBN: 9780135164013
Author: DeVeaux
Publisher: PEARSON CO
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Chapter 16, Problem 40E
To determine

Explain the conclusion that can be given by the city council about the mayor’s initiative.

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The annual aggregate claim amount of an insurer follows a compound Poisson distribution with parameter 1,000. Individual claim amounts follow a Gamma distribution with shape parameter a = 750 and rate parameter λ = 0.25. 1. Generate 20,000 simulated aggregate claim values for the insurer, using a random number generator seed of 955.Display the first five simulated claim values in your answer script using the R function head(). 2. Plot the empirical density function of the simulated aggregate claim values from Question 1, setting the x-axis range from 2,600,000 to 3,300,000 and the y-axis range from 0 to 0.0000045. 3. Suggest a suitable distribution, including its parameters, that approximates the simulated aggregate claim values from Question 1. 4. Generate 20,000 values from your suggested distribution in Question 3 using a random number generator seed of 955. Use the R function head() to display the first five generated values in your answer script. 5. Plot the empirical density…
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Chapter 16 Solutions

Stats: Data and Models

Ch. 16.5 - Think some more about the 95% confidence interval...Ch. 16 - Prob. 1ECh. 16 - 2. Marketing The proportion of adult women in the...Ch. 16 - Prob. 3ECh. 16 - Prob. 4ECh. 16 - 5. Living online Pew Research, in 2015, polled a...Ch. 16 - 6. How’s life? Gallup regularly conducts a poll...Ch. 16 - 7. Marriage According to a Pew Research survey,...Ch. 16 - 8. Campus sample For her final project, Stacy...Ch. 16 - Prob. 9ECh. 16 - Prob. 10ECh. 16 - Prob. 11ECh. 16 - 12. Soup A machine is supposed to fill cans with...Ch. 16 - Prob. 13ECh. 16 - 14. Spanking In a 2015 Pew Research study on...Ch. 16 - Prob. 15ECh. 16 - 16. Smoking The Gallup poll described in Exercise...Ch. 16 - Prob. 17ECh. 16 - Prob. 18ECh. 16 - Prob. 19ECh. 16 - 20. Hiring In preparing a report on the economy,...Ch. 16 - Prob. 21ECh. 16 - Prob. 22ECh. 16 - Prob. 23ECh. 16 - 24. More conditions Consider each situation...Ch. 16 - Prob. 25ECh. 16 - 26. More conclusions In January 2002, two students...Ch. 16 - Prob. 27ECh. 16 - 28. Confidence intervals, again Several factors...Ch. 16 - Prob. 29ECh. 16 - Prob. 30ECh. 16 - 31. Mislabeled seafood In 2013 the environmental...Ch. 16 - Prob. 32ECh. 16 - Prob. 33ECh. 16 - 34. Still living online The Pew Research poll...Ch. 16 - Prob. 35ECh. 16 - 36. Take the offer First USA, a major credit card...Ch. 16 - Prob. 37ECh. 16 - 38. Junk mail Direct mail advertisers send...Ch. 16 - Prob. 39ECh. 16 - 40. Local news The mayor of a small city has...Ch. 16 - Prob. 41ECh. 16 - 42. Gambling A city ballot includes a local...Ch. 16 - Prob. 43ECh. 16 - 44. Teachers A 2011 Gallup poll found that 76% of...Ch. 16 - Prob. 45ECh. 16 - Prob. 46ECh. 16 - Prob. 47ECh. 16 - 48. Back to campus II Suppose ACT, Inc. wants to...Ch. 16 - Prob. 49ECh. 16 - Prob. 50ECh. 16 - Prob. 51ECh. 16 - Prob. 52ECh. 16 - Prob. 53ECh. 16 - Prob. 54E
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