parameter 3θ and the claims amount in the jth year is Xj = 1000Nj . • The prior distribution is gamma distributed with mean 0.2 and variance 0.04. (a) Compute the individual premium and collective premium. (b) Suppose that in the past 5 years‚ an individual has made N claims. If his Bayes premium is twice the collective premium‚ compute N . 5 6
Premium Normal distribution Probability theory Risk
What makes an American an American? Is it the accent‚ the clothing‚ the fact that you can speak the English language‚ or is it the fact that you were born on American soil? I believe it’s certain characteristics that set us apart from other countries. The fact we are self-reliant‚ and competitive‚ and the compassion we bring to others are some‚ of many‚ American characteristics that help set us apart. These are the three characteristics that I have chosen to write about. Our self-reliance
Premium United States Americas Gold medal
What Would You Do? Scenario 1- Della the Delinquent Cat Lady As the president of the board of directors of the cat shelter‚ I am faced with rather or not Ms. Della should remain as part of the staff at the cat shelter. There are several problems that have been brought to my attention and I feel that now is the time to figure out exactly what should be done regarding the matter. After‚ evaluating the situation and giving it a great deal of consideration‚ I have come up several solutions to
Premium Cat
The battle of Somme was a tiresome attrition battle. For approximately five months the British‚ French and German armies engaged in what was called “one of the bloodiest (battles) of World War One”. Located in Northern France. During this battle the British were unsuccessful; their strategies were incompetent to the harsh conditions of the stalemate. Thus‚ making the battle of Somme a complete failure to the Triple Entente. Many historians argue that the Germans had caused more significant amount
Premium World War I World War II United Kingdom
QP engaged Nasir in participating in a CBT activity geared towards coping with feelings. QP explained to Nasir that the activity will help him to cope with his anger and upsetting emotions ‚ identify when he is feeling upset ‚ how to deal with these emotions in ways that are healthy and productive‚ and learn how to cope with negative emotions. QP asked Nasir to list some of his negative emotions he feels. QP asked Nasir to list some things that is causing him to get upset at home. QP asked Nasir
Premium Family Psychology Emotion
thing a person says or does affects not only one person but also ten people. In the movie Crash‚ the characters were all very racist to each other. There were two African American men who did not like white people. They did to the white people exactly what the white couple was stereotyping them as. They proved their stereotype to be true just because they saw the white woman hold on to her husband. The white woman should not have been scared because they most likely would not have done anything. They
Free Race Black people White people
English Language and Composition Because many important people have died for what they believe to make the world a better place the claim that “It is better to die for what you believe in rather than to lie to save your life” is the right thing to do. Martyr: a person who is put to death or endures great suffering on behalf of any belief‚ principle‚ or cause. The person that comes to mind for a lot of people when you read the definition of martyr is probably Jesus Christ. Jesus spread the word
Premium English-language films Religion American films
To what extent you feel the business model of Zara is sustainable? Critically evaluate the impact Zara has had on the fashion industry. The Fashion Imitator Established in 1975‚ Zara is one of the most successful retailers of today’s world. Their clear focus and vision has made them to tap the power of the fashion. Operating in 62 different countries it has nearly around 2500 stores all over the world. Zara under the flagship of Inditex‚ (a holding company located in Northwest Spain) is a fashion
Premium
Life is what you make it A little boy called Andy was asked to audition with his classmates for a part in the school play. His mother knew that he had his heart set on being in the play and she was worried about how he would react if he wasn’t chosen. On the day that the parts were given out‚ Andy’s mother went to the school to collect him feeling anxious about the outcome. Seeing his mother Andy rushed up to her‚ his eyes were shining with pride and excitement. "Guess what Mum‚" he shouted
Premium Pessimism Optimism
What makes you happy? Before I answer this question I want to tell something . Do you know what really means to be happy. I think everyone will say yes. But if you don’t know the true meanings of sadness‚ pain and loneliness it means that you don’t know the real happiness. There are 6 billion people living in this world. They are all different and they all have their own lives to live. What I’m trying to say is “Happiness comes with a price”. Like after you finish some hard task successfully
Premium Debut albums Personal life Meaning of life