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Fire! An insurance company estimates that it should make an annual profit of $150 on each homeowner's policy written, with a standard deviation of $6000.
a) Why is the standard deviation so large?
b) If it writes only two of these policies, what are the mean and standard deviation of the annual profit?
c) If it writes 10,000 of these policies, what are the mean and standard deviation of the annual profit? d) Is the company likely to be profitable? Explain.
e) What assumptions underlie your analysis? Can you think of circumstances under which those assumptions might be violated? Explain.
You have been hired as a consultant to analyze the possibilities, make a recommendation on what path to follow, and assist in transition.
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Using the Classify Risk data set with predictors age, marital status, and income, and target variable risk, find the k-nearest neighbor for Record #1, using k=2 and Euclidean distance.
Refer to Exercise 26 from Chapter 4 on the Alcohol Consumption data, in which a Poisson regression model was fit using first Saturday drink consumption as the response and prel, nrel, posother, negother, age, rosn, and state as the explanatory var..
He will make equal monthly payments for the next 30 years. How much money will he end up paying the bank over the life of the loan, and how much is the interest? How much will he owe after 20 years?
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But instead of writing your pseudocode/program for "fewer than 300" households, write your pseudocode/program for EXACTLY 7 households.
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Is there some sort of online calculator for Math/Algebra/etc courses on this site?
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