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Modeling Scenario
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1-001d-HotelPopulationDecay-ModelingScenario
You will be modeling the following situation: 100 people are in a hotel. Each day, each person has a random chance of 50% of leaving the hotel. No new people enter the hotel. Before you run the simulation in MATLAB, answer some questions.
simulation
logistic
exponential decay
fitting
Potential Scenario
154
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62
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2007-Mogen_Steffensen-Differential Equations in Finance and Life Insurance
The mathematics of finance and the mathematics of life insurance were always intersecting. Life insurance contracts specify an exchange of streams of payments between the insurance company and the contract holder.
finance
disability
life insurance
mortality
insurane
Thiele’s equation
Black-Scholes equation
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