04/24/20

#### The cost of visits to physicians' offices follows an exponential distribution

The cost of visits to physicians' offices follows an exponential distribution with an average of $250 per year per person. A health insurer sells a policy to 800 people with a$100 deductible. How... more

04/23/20

#### Probability and Markov Chains

Suppose a family of worms initially contains two worms, a mommy worm and a dady worm.. In any given month, the worms can either have no children, have n new children, or lose m children. Suppose... more

04/23/20