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7RMI 2101 Risk Management and Loss Calculations for Speedy Delivery

A homework assignment on risk management, including loss calculations for Speedy Delivery in the context of RMI 2101.

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7RMI 2101 Risk Management and Loss Calculations for SpeedyDelivery7RMI 2101SPRING2013SECTIONS003AND005HOMEWORKASSIGNMENTSIX20PointsDUE ONMONDAY,MARCH18TH,2013ATTHEBEGINNINGOFCLASSBe careful to follow theGuidelines for HomeworkDocumentlocated in the CourseDocuments Section of Blackboard.You will lose points for not following proper format.Although this assignment does not have to be typed,you should submit it on 8 ½ x 11paper. No torn-out pages from a spiral notebook will be accepted. Be sure you followother guidelines contained in theGuidelines for Homework Document.1.Assume that Speedy Delivery (SD), a mail service company, hasdistribution centers all along the East coast. SD uses a fleet of1000delivery trucks in its operations dispersed among the various distributioncenters. From past information the Chief Risk Officer for SD hasconstructed the following probability distribution for thenumber of lossesper truck per month.# of losses per truck per month# of trucks having these losses03751220219031504??Calculateexpected value of frequency per truck per month. What are theunitsof measurement? [2]

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Document Details

University
Temple University
Course
RMI 2101
Subject
Business Management

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