## Standard deviation of the damage, Econometrics

Assignment Help:

In a year, weather can impose storm damage to a home. From year to year the damage is random. Let Y be the dollar value of damage in a given year. Assume that 95% of the year's Y=\$1,000, and 5% of the years, Y=\$15,000.

a. Calculate the mean and standard deviation of the damage in any year.

b. Consider an 'insurance pool' of 100 sufficiently dispersed homes, which implies the damage to dissimilar homes can be viewed as separately distributed as random variables. If ? is the average damage to those 100 homes in a year, (i) what is the expected value of the average damage? (ii) What is the probability that ? exceeds \$2000?

#### Impulse Response function (IRF), My question is that when we use Impulse re...

My question is that when we use Impulse response function and how to use it. Is it used along with some other methodology. What is the meaning of graphs of IRF?

#### .the matrix of technical coefficients., I could not understand the matrix o...

I could not understand the matrix of technical coefficents

#### Determine the price level of graph, Suppose that the aggregate demand curv...

Suppose that the aggregate demand curve in a particular year is given by the algebraic           expression:  Y = 3000 + 1000/P, where Y is the aggregate output and P is t

#### GOVERNMENT FUNCTIONS, WHAT ARE THE GOVERNMENT FUNCTIONS?

WHAT ARE THE GOVERNMENT FUNCTIONS?

#### Impulse Response function (IRF), My question is that when we use Impulse re...

My question is that when we use Impulse response function and how to use it. Is it used along with some other methodology. What is the meaning of graphs of IRF?

#### find the weighted average cost of capital , PrivateJets (PJ) is considerin...

PrivateJets (PJ) is considering expanding its operations in the corporate travel market. Currently, PJ has a capital structure with a 25% debt-equity ratio. Their levered equity

#### Determine the amount of the money, You are gambling. There is a white urn i...

You are gambling. There is a white urn in front of you, which contains a total of 100 black and white balls. You are blindfolded, get to pick one ball randomly, and see which color

#### Labor economics, Ask question #Minimum unions tie the hand of management an...

Ask question #Minimum unions tie the hand of management and inhibit efficient decision making100 words accepted#

#### Revaluation of currency, what are the econometric models supporting currenc...

what are the econometric models supporting currency revaluation and their application

#### National park , A chance sample of visitors to a National Park was intervie...

A chance sample of visitors to a National Park was interviewed regarding their impressions of the Park.  Of 200 interviewees, 120 said that they would probably make a return visit  