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Given an event A, define the conditional expectation of Y given A as
where IA is the indicator random variable.
(a) Let Y ∼ Exp(λ). Find E[Y |Y > 1].
(b) An insurance company has a $250 deductible on a claim. Suppose C is the amount of damages claimed by a customer. Let X be the amount that the insurance company will pay on the claim. Suppose C has an exponential distribution with mean 300. That is,
Find E[X], the expected payout by the insurance company.
Similarities between traditional approach and the human relations approach
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A restaurant and observe the servicescape. You may want to take photos or create a video to help you explain the servicescape. Submit a report that discusses the following:(3 pages along with pictures)
1. Outline a pricing and revenue management approach for a perishable asset. Describe the industry or firm in an industry; the product line / perishable asset; and their pricing and revenue tactic. What are actual or potential customer responses ..
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What does the phrase in a category of jobs that is net of outsourcing mean?
In Assessment 1, you chose and analyzed an ethical theory; in Assessment 2, you wrote an outline for your comprehensive paper; and in Assessment 3, you prepared an annotated bibliography. In Assessment 4, you will submit a rough draft of your pape..
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Describe and contrast different approaches to performance measurement.
This NIPA Tables page will provide you with all the data needed to complete the following assignment. Click on Section 1 - Domestic Product and Income, scroll down and click on Table 1.1.5. Gross Domestic Product.
The company owned and operated a rail system of over 9,000 miles in the states of Illinois, Wisconsin, Minnesota, Iowa, Michigan, Nebraska, South Dakota, North Dakota, and Wyoming. These rail systems served as an integral part of the nationwi..
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