above. Make sure to define all terms in your definition. (b) Suppose that 7000 claims are needed for full credibility (with range parameter k = 0.1 and and probability level P ). Determine P . 1 2 2. A portfolio contains two types of risks: risk A and risk B: • For risk A‚ the number of claims per year is independent and follows a Poisson distribution with mean 1. • For risk B‚ the number of claims per year is independent and follows a Poisson distribution with mean 3. Suppose that the
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Faculty Scholarship Series Yale Law School Faculty Scholarship 1-1-1979 Understanding the Short History of Plea Bargaining John H. Langbein Yale Law School Follow this and additional works at: http://digitalcommons.law.yale.edu/fss_papers Part of the Civil Procedure Commons Recommended Citation Langbein‚ John H.‚ "Understanding the Short History of Plea Bargaining" (1979). Faculty Scholarship Series. Paper 544. http://digitalcommons.law.yale.edu/fss_papers/544 This Article is brought
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plea negotiations it contradicts the fair rules of evidence in front of a judge or a jury. Plea negotiations are very different from the formal process. Criminals end up of facing sentences that are lighter while victims are left unsatisfied. Plea Bargaining is very private which can affect the outcome and will not benefit the everybody. While the bargain might help that receive less severe penalties than a conviction at trial‚ the bargain may still leave you with a criminal record that can have a huge
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corporation and a partnership. The LLC operating agreement is a document that dictates how the LLC will function. The amount of time it takes to create the operating agreement depends on the specifics of the LLC. Other names: Don’t confuse this document with the articles of organization‚ which may also be known as the certificate of organization or certificate of formation‚ depending on the state you live in. Who should use this form? The LLC operating agreement provides a detailed breakdown of each member’s
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Market Potential Indicator Purpose of Indicator As the name states‚ it is a measure of the market potential of a country using several dimensions‚ ratings‚ indexes and percentages. Currently‚ emerging economies comprise more than half of the world’s population‚ account for a large share of world output and have very high growth rates‚ which mean an enormous market potential. With global marketing becoming more important‚ companies and marketers are attempting to determine which international
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Define the word “leadership”. How would you characterize yourself as a leader? John Maxwell once said‚ “a leader is one who knows the way‚ goes the way‚ and shows the way.” Leadership is the responsibility to be able to guide and inform those around you. It can developed from influence‚ but has to be earned. As Maxwell suggests‚ becoming a leader does not need a specific title‚ leaders lead by example. One may become a leader in their community‚ their school‚ and even their family‚ all without
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Main Components of Culture Menuka Munasinghe World Religion Mr. T. Perera 1.1.1 Introduction Anthropologists and other social scientists offer many different definitions of "culture." Most people understand that culture has something to do with the customs and beliefs of a group of people. It is common to explain a holiday tradition‚ a spiritual belief or a child-rearing practice as part of someone ’s cultural background. An individual ’s culture strongly
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promote society’s values. Important social skills needed in the work force and everyday life are learned at school‚ such as sharing‚ compromise‚ and the importance of teamwork. As a student‚ I want to encourage and help children to reach their full potential. I want students to realize that they are all different‚ and understand that diversity is a good thing. I believe that there are different types of intelligence‚ and creativity is just as important as logic. Teachers’ behavior should reflect values
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Ecosystems Components SCI/256 A region that receives fewer than 10 inches of rain annually is considered a desert. This lack of precipitation loosely illustrates what encompasses the desert ecosystem. Although there are many cold deserts around the globe‚ for the purpose of analysis‚ the focus of this paper will be hot desert ecosystems. The extreme heat of the day in some deserts can reach above 120 degrees and drop down below 32 degrees (National Geographic‚ 1996-2013). These temperature extremes
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thinking about the potential buyers in a Porter’s 5 forces model‚ backward integration and switching costs come to mind. Backward integration meaning the possibility that costumers of the car industry are starting to produce their own cars is considered very small. The Switching costs of the general car industry is however very low. It means that it is very easy for the costumers to switch to another car brand if they are not happy with their current one. This gives customers bargaining power over the
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