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1. We assume two people have the same distribution. For these people, we assume also that losses are uncorrelated. Loss i) Calculate the expected value? ANSWER: Outcome 10.000 dollars 50 Probability 0.05 0.95 ii) Calculate the variance and Standard deviation? ANSWER:

1. We assume two people have the same distribution. For these people, we assume also that losses are uncorrelated. Loss i) Calculate the expected value? ANSWER: Outcome 10.000 dollars 50 Probability 0.05 0.95 ii) Calculate the variance and Standard deviation? ANSWER:

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter13: Probability And Calculus
Section13.2: Expected Value And Variance Of Continuous Random Variables
Problem 10E
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1. We assume two people have the same distribution. For these people, we assume also that losses are uncorrelated. Loss i) Calculate the expected value? ANSWER: Outcome 10.000 dollars 50 Probability 0.05 0.95 ii) Calculate the variance and Standard deviation? ANSWER:
Transcribed Image Text:1. We assume two people have the same distribution. For these people, we assume also that losses are uncorrelated. Loss i) Calculate the expected value? ANSWER: Outcome 10.000 dollars 50 Probability 0.05 0.95 ii) Calculate the variance and Standard deviation? ANSWER:
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