In Exercises 25-30, use the formula for finding the future value of an ordinary annuity, A = R 1 + r m n - 1 r m to solve for n. You are given A, R and r. Assume that payments are made monthly and that the interest rate is an annual rate. A = $ 6, 000 , R = 250 , r = 7.5 %
In Exercises 25-30, use the formula for finding the future value of an ordinary annuity, A = R 1 + r m n - 1 r m to solve for n. You are given A, R and r. Assume that payments are made monthly and that the interest rate is an annual rate. A = $ 6, 000 , R = 250 , r = 7.5 %
Solution Summary: The author explains that an annuity is a regular stream of equal payments, made at equal intervals. Its future value depends on interest rate, size, and number of payments.
You are coming home hungry and look in your fridge. You find: 1 roll and 2 slices of bread, a jar ofpeanut butter, one single serve package each of mayo and mustard, a can of cheezewhiz, some slicedham, and some sliced turkey. How many different types of (edible) sandwiches can you make? Writedown any assumptions (order matters or not, repetitons allowed or not).
Answer the questions
~
exp(10). A
3. Claim number per policy is modelled by Poisson(A) with A
sample x of N = 100 policies presents an average = 4 claims per policy.
(i) Compute an a priory estimate of numbers of claims per policy.
[2 Marks]
(ii) Determine the posterior distribution of A. Give your argument.
[5 Marks]
(iii) Compute an a posteriori estimate of numbers of claims per policy.
[3 Marks]
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