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 Speedy
Delivery
7RMI 2101
SPRING 2013 SECTIONS 003 AND 005
HOMEWORK ASSIGNMENT SIX
20 Points
DUE ON MONDAY, MARCH 18TH, 2013 AT THE BEGINNING OF CLASS
Be careful to follow the Guidelines for Homework Document located in the Course
Documents 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 11
paper. No torn-out pages from a spiral notebook will be accepted. Be sure you follow
other guidelines contained in the Guidelines for Homework Document.
1. Assume that Speedy Delivery (SD), a mail service company, has
distribution centers all along the East coast. SD uses a fleet of 1000
delivery trucks in its operations dispersed among the various distribution
centers. From past information the Chief Risk Officer for SD has
constructed the following probability distribution for the number of losses
per truck per month.
# of losses per truck per month # of trucks having these losses
0 375
1 220
2 190
3 150
4 ??
Calculate expected value of frequency per truck per month. What are the
units of measurement? [2]
Delivery
7RMI 2101
SPRING 2013 SECTIONS 003 AND 005
HOMEWORK ASSIGNMENT SIX
20 Points
DUE ON MONDAY, MARCH 18TH, 2013 AT THE BEGINNING OF CLASS
Be careful to follow the Guidelines for Homework Document located in the Course
Documents 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 11
paper. No torn-out pages from a spiral notebook will be accepted. Be sure you follow
other guidelines contained in the Guidelines for Homework Document.
1. Assume that Speedy Delivery (SD), a mail service company, has
distribution centers all along the East coast. SD uses a fleet of 1000
delivery trucks in its operations dispersed among the various distribution
centers. From past information the Chief Risk Officer for SD has
constructed the following probability distribution for the number of losses
per truck per month.
# of losses per truck per month # of trucks having these losses
0 375
1 220
2 190
3 150
4 ??
Calculate expected value of frequency per truck per month. What are the
units of measurement? [2]
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Document Details
University
Temple University
Subject
Business Management