Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz solve it by yourself dont copy from any online resource also plz solve on paper 2. The number of accidents incurred by insured drivers

plz solve it by yourself dont copy from any online resource also plz solve on paper

image text in transcribed
2. The number of accidents incurred by insured drivers in a given day [24 hoursT starting from 6:00am} is a Poisson process with rate function 1+ie degree a nigieia Am ' isgeincsrgia a alsgrgsd if an accident occurs, the probability that the damage amount exceeds the de- ductible is [1.25. Suppose that the amount of each claim is uniformly distributed on [$2ll, $50M] and all claims are independent. (a) Find the probability that there are no accidents that are required to claim during 5pm to 3pm. (b) Find the average total amount of the claims requested in 5 hours from 3am. [e] Let N be the number of claims with claim amount less than $3111"! during lam to 2pm. Find the distribution of N. [d] It is observed that the accidents comes from seniors with probability 2,-'3 during 11am to 4:00pm and with probability 1,-"3 during other time period. Let X; denote the number of accidents incurred by insured seniors drivers at t hours starting from 6:00am. Explain why {X[}u5153 is a nonhomogenerons Poi-In process and nd the rate function A1 (at)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exercises In Computational Mathematics With MATLAB

Authors: Tom Lyche, Jean Louis Merrien

1st Edition

366243511X, 9783662435113

More Books

Students also viewed these Mathematics questions

Question

6. How can hidden knowledge guide our actions?

Answered: 1 week ago

Question

7. How can the models we use have a detrimental effect on others?

Answered: 1 week ago