Question
X1 and X2 represent number of occurrences of event A
and 8 that follow Poisson distribution with mean rate λ1 and λ2 , If Y1 and Y2 are inter-occurrence times of event A and B, then min(Y1, Y2 ) follows 1. Exponential distribution with mean rate min (λ1, λ2 ) 2. Exponential distribution with mean rate (λ1 + λ2 ) 3. Poisson distribution with mean rate (λ1 - λ2 ) 4. Poisson distribution with mean rate (λ1 + λ2 )Solution
The correct answer is B
Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency is t...
Which of the following is/are the various types of insurance?
1. Life insurance
2. Health insurance
3. Liability insurance
Which of the following is a public sector general insurance company in India?
2000 factories require a Sum Insured of Rs.10 crores each. Statistically, we know that 2 factories get destroyed by fire each year. However, we do not ...
A form of life insurance coverage payable to a third party lender/mortgagee upon the death of the insured/mortgagor for loss of loan payments is termed as?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
The Life Insurance Business is defined in which section of the Insurance Act, 1938?
The Insurance Institute of India (Regd.) formerly known as?
The amount which is payable by you during the premium paying term at regular intervals for a limited period as specified in the plan schedule is called?
Which of the term is the used when a policy has lapsed due to non-payment of premium?
