'Relative frequency interpretation' diaporamas de présentation

Chapter 1 Axioms of Probability

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Nature & Functions of Insurance

Nature & Functions of Insurance. In its simplest aspect, insurance has two fundamental characteristics: 1. Transfer of risk from the individual to the group. 2. Sharing of losses on some equitable basis. Operation of Insurance Illustrated. 1. 1,000 dwellings valued at $100,000 each.

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Introduction to Probabilities

Introduction to Probabilities. Fall 2010 Dept. Electrical Engineering National Tsing Hua University ???. What is probability ?. Literally, how probable an event is to occur. We live in a random world Relative-frequency interpretation ? ? ? ? ? ??? ? This interpretation is problematic

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