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An insurance company feels that each of its policyholders has a rating value and that a policyholder having rating value λ will make claims at times distributed according to a Poisson process with rate λ, when time is mea- sured in years. The ?rm also believes that rating values vary from policyholder to policyholder, with the probability distribution of the value of a new policyholder being uniformly distributed over (0, 1). Given that a policyholder has made n claims in his or her ?rst t years, what is the conditional distribution of the time until the policyholder's next claim?
Suppose that each player acts independently of the other. If each player decides to hold up the same number of fingers that he guesses his opponent will hold up, and if each player is equally likely to hold up 1 or 2 fingers, what are the possible..
Spoke Weaving Corporation has eight weaving machines of the same kind and of the same age. The probability is .04 that any weaving machine will break down at any time. Find the probability that at any given time
a completely randomized experiment with two temperatures factor a two lengths of washing time factor b and five
consider the normal curve in the figure to the right which gives relative frequencies in a distribution of mens
If a randomly chosen US household earns over 250, 000 per year, what is the probability it is from California?
1. Assuming the binomial distribution applies with a sample size of n 15, find a. the probability of 5 or more successes if the probability of a success is 0.30 b. the probability of fewer than 4 successes if the probability of a success is 0.75
Carry out a significance test for the hypothesis that the two tests have the same population mean. Give the P-value and state your conclusions.
study of people's memory of self rating and actual test
A vending machine is configured to accept only those quarters with weights between 5.550 g and 5.790 g. If 280 different quarters are inserted into the vending machine, what is the expected number of rejected quarters?
A large school district is re-evaluating its teacher's salaries. They have decided to use regression analysis to predict mean teacher salaries at each elementary school. What is the correlation coefficient
Draw a scatter diagram with body weight as the independent variable and wing length as the dependent variable. Find the equation of the line of best fit.
items produced by a manufacturing process are supposed to weigh 90 grams. the manufacturing process however is such
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