Posts Tagged ‘ truncated distribution ’

Example 8.28: should we buy snowstorm insurance?

February 28, 2011
Example 8.28: should we buy snowstorm insurance?

It's been a long winter so far in New England, with many a snow storm. In this entry, we consider a simulation to complement the analytic solution for a probability problem concerning snow. Consider a company that buys a policy to insure its revenue ...

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