Suppose two independent claims are made on two insured homes, where each claim has pdf
in which the unit is $1000. Find the expected value of the larger claim. Hint: If X1 and X2 are the two independent claims and Y = max(X1,X2), then
Find g(y) = G'(y) and E(Y).
SEPTEMBER 1 1, 2017 Conceptualization Research Jargon I. Scientific Perspective A. Things differ 1. Differences (variability) that spark questions B. Research process allows for scientific examination of phenomenon and how it varies C. “Science” defined: 1. The s ystematic i nvestigation of ariability a) Pursuit t o describe, explai predict), control II. Topics/ideas d iffer in aim A. Describe B. Explain ( Predict) C. Control III. STEP 1 : DESCRIPTION A. Explicate phenomenon under c onsideration B. Must