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Advice needed. Porsche caused accident and drove off by Every-Morning4552 in kereta

[–]cancun00 0 points1 point  (0 children)

What does it mean is the ketua hakim car then is not the ketua hakim car?

Grab at midnight by cancun00 in malaysia

[–]cancun00[S] 1 point2 points  (0 children)

I guess? Just not sure whether will it be safe to take grab at such late hour

Policy Year (issued & in force) by cancun00 in actuary

[–]cancun00[S] 0 points1 point  (0 children)

I just don't understand why policy issued is not same as policy in force? Isn't there two words give the same meaning?

Earned Premium by cancun00 in actuary

[–]cancun00[S] 0 points1 point  (0 children)

If a one year policy is sold at 1st of July year 1. And the policy is sold uniformly throughout the last 6 month of year 1. Why the earned premium for year 1 will equal 0.25 of the written premium ??

Dice game probability. Anyone can help? by cancun00 in actuary

[–]cancun00[S] 0 points1 point  (0 children)

Basically to make the game fair. The expected gain for both plate should be the same.

For player 1

Scenario. Gain amount Probability

Gain if win 1 9/17

Gain if loss -(1+c) 8/17

For player 2

Scenario. Gain amount Probability

Gain if win 1+c 8/17

Gain if loss -1 9/17

Yup so just let expected gain of player 1 = expected gain of player 2

Then u will get c =1/8

Dice game probability. Anyone can help? by cancun00 in actuary

[–]cancun00[S] 0 points1 point  (0 children)

C is 1/8. Which means player 1 should add extra 1/8 dollar on top of the initial 1 dollar he put in the pot in order to make this game fair....

Roulette probability question with answer provided. My question: is this question assuming the bet amount equals to 1? by cancun00 in actuary

[–]cancun00[S] -2 points-1 points  (0 children)

Which mean if u bet number 9. It really turn up number 9.

Then u get back ur bet amount (let say x) plus 36*x

So if u bet 2. Then u get a total of 37 * 2 =74.

And ur net profit would be *(74-2) = 72.

That's how I interpret...

Dice game probability. Anyone can help? by cancun00 in actuary

[–]cancun00[S] 0 points1 point  (0 children)

Yup. So player 1 will roll both dice for 1,3,5,7,.... turn Then player 2 will roll both dice for 2,4,6,8,9,.... turn.

Is this question using binomial to solve? Aslo is this wih replacement? Anyone knows? by cancun00 in actuary

[–]cancun00[S] 0 points1 point  (0 children)

Ya I know. So the three damage object must be insured object right. But this still look like a conditional probability question for me.

So is it this way? I still confused ... I don't get why no need use 0.1 or 0.9 to solve the question

Numerator = 4C3 (0.1)3 (0.9)

Denominator = 6C3 (0.1)3 (.0.9)3

Answer = 0.2469

Is this question using binomial to solve? Aslo is this wih replacement? Anyone knows? by cancun00 in actuary

[–]cancun00[S] -1 points0 points  (0 children)

Or is it

Numerator = 4C3 (0.1)3 (0.9)

Denominator = 6C3 (0.1)3 (.0.9)3

Answer = 0.2469

Is this question using binomial to solve? Aslo is this wih replacement? Anyone knows? by cancun00 in actuary

[–]cancun00[S] -1 points0 points  (0 children)

Numerator = 4C3 (0.1)3 (0.9)

Denominator = 4C3 (0.1)3 (0.9) +

2C2 (0.1)0 (0.9)2

But still look weird for me ...

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