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Cow Insurance Vs. Human Insurance: A Comparison Study, Corlan Fawcett Jan 2009

Cow Insurance Vs. Human Insurance: A Comparison Study, Corlan Fawcett

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper will compare the premiums to insure cows and humans for n-year term, n-year endowment, and whole life insurance. It will go into more depth for whole life premium s that would be charged, such that the insurance company is 95 percent confident that they will not lose money. In particular the paper will look at how the variance affects the premiums for an insurance company insuring 100 cows.


A Study Of The Exponential Distirbutions And Their Applications, Michael Chang-Yu Wang May 1969

A Study Of The Exponential Distirbutions And Their Applications, Michael Chang-Yu Wang

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The exponential distribution is a widely known distribution i n statistical theory. It can be regarded as the continuous analogue of the Poisson distribution, discussed by S. D. Poisson in 1837. The Poisson is a limiting form of the Binomial distribution which can be t race d back as early as 1700, discussed by James Bernoulli. A paper by Marsden and Barratt (1911) on the radioactive disintegration of thorium gives a typical frequency distribution which follows the exponential law (8, p. 89). The exponential distribution has achieved importance recently in connection with the theory of stochastic process and has found …