Free Essay

Event Launch

In:

Submitted By viviansheldon01
Words 2528
Pages 11
Launch Event Proposal

Spending a day with Listener

Name
Student number
Professor
Unit code
Unit name
Word count

Vivian Sheldon
211536
Chanel Lucas
307
Tour & Performance management
1577

Vivian Sheldon 211536

2 of 16

Table of contents
Chapter
1. Introducing Listener
2. Concept
2.1 General description launch
2.2 Theme
2.3 Venue
2.4 Guests
3. Budget
3.1 Reasoning budget
4. Production
4.1 Technical requirements
4.2 Floorplan
4.3 Timetable
5. Personnel
6. Catering
7. Contracts
8. Strategies
9. Conclusion
10. References
11. Appendices

Page
3
3
3
3
4
4
5
6
8
8
9
9
10
10
11
11
11
12
13

Vivian Sheldon 211536

3 of 16

1. Introducing Listener
Listener started out in 2002 and consists of 3 members; Dan sings and plays bass,
Kriss is on drums and Jon works the guitar (I Am Listener, 2016).
The band aims to create a new genre, the spoken word punk rock. They write touching poetry and give it a rough edge by adding guitar and drums.
Listener conducts themselves under a no nonsense policy, focusing entirely on the music, with the belief all the fuss around it is superfluous. ‘We are just three normal guys who love to make and share our music with the world, we are no different than any of you.’ (I Am Listener, 2016)

2. Concept
2.1 General launch description
This event not only celebrates the launch of the new album but it is also the kick off for Listeners first Australian tour! The goal of this event is to introduce the Australian media to Listener and their new album. During the event Listener will perform tracks from their newest album - songs not yet performed in front of any audience. Guests will receive an exclusive opportunity to hear these new incredible songs first.

Vivian Sheldon 211536

4 of 16

2.2 Theme
Listeners new album, ‘normality of me’ coincides with their “no nonsense” policy, it will be called ‘normality for me’ and that is exactly what the launch event will revolve around. For this event the media will be invited to spend a day with Listener. It will look and feel casual and comfortable, no outrageous features or extraordinary attractions. During the event the guests can socialize and network with each other. Attendees will gain a wonderful experience and get to know Listener, musically and personally.
Listener will also get the chance to market themselves personally to Australia’s music industry. 2.3 Venue
This event will be held outdoors in Southbank, on the grass field opposite the Courier
Mail Piazza. In order to create a welcoming, comfortable and normal atmosphere the field will be furnished. It will be decorated with rugs, couches, picnic tables, authentic standing lamps, coffee tables, pillows and beanbags. This will help to provide a laid back and cosy ambience.
Drinks will be provided via a small bar offering both alcoholic and non-alcoholic beverages. The guests will receive a free drink of their choice on arrival.
A food truck will be hired provide finger and street food such as slider hamburgers, fries, nachos and grilled cheese sandwiches.
The event will take place mid-autumn on a Friday, so the guests don’t have the pressure of going to work the next day and can herald their weekend with a drink and some good music.
To maintain the casual, relaxed atmosphere there won’t be fencing to isolate the event. The venue is a square field with two main paths on either side. One path will be blocked by the food truck, and the stage on which Listener will be playing will be facing the food truck, meaning they will have their backs to the people passing through Southbank.
In case of rain there will be a large sail ready to give shelter to the guests, furniture and equipment.

2.4 Guests
The media to be invited include record labels, music magazines, journalists, PR companies, music websites, radio stations, venue owners, producers, agencies, bookers and potential sponsors associated with Listener.

Vivian Sheldon 211536

5 of 16

There will also be a special ticketing campaign where 10 meet-and-greet tickets will be sold in pairs to the highest bidder (5x2). This way the real Australian Listener fans can meet the band and hear their new album live before anyone else.
The media will receive a handwritten, laminated post it note (double normal size) with a magnet on the back as an invitation, so they may hang it on their fridge as a reminder. They will receive the same design post it as a thank you note after the event. To top this event off the guests will receive a gift bag when they leave, including the new album, 1x2 tickets to their show and a beer cooler with Listeners logo on it.

3. Budget
The goal for this event is to break even. All the prices below include tax.
Item

Budget

Revised

Technical equipment $ 2000,00

$ 2000,00

Catering

$ 1500,00

$ 1800,00

Photographer

$ 200,00

$ 200,00

Furniture

$ 1000,00

$ 1500,00

Transportation

$ 200,00

$ 300,00

Invitations

$ 600,00

$ 600,00

Thank you note

$ 600,00

$ 600,00

Lighting

$ 200,00

$ 150,00

Insurance

$ 100,00

$ 200,00

Permits

$ 400,00

$ 500,00

Expenditure

Actual

OK

Vivian Sheldon 211536

6 of 16

License

$ 300,00

$ 250,00

Food and drinks volunteers $ 200,00

$ 300,00

Gift bags

$ 3000,00

$ 3000,00

Total

$ 10300,00

$ 11400,00

Contingencies

$ 1030,00

Total
Expenditure

$ 11.330

$ 12540,00

Savings

$ 2000,00

$ 1800,00

Ticket sales (10)

$ 400,00

$ 400,00

Record label

$ 5000,00

$ 5000,00

Crowdfunding

$ 500,00

$ 350,00

Sponsorships

$ 1000,00

$ 1000,00

Pre ticket sales

$ 600,00

$ 700,00

Total income

$ 9500,00

$ 9250,00

Income

3.1 Reasoning budget


Artists will provide own instruments



Volunteers and band will eat and drink from food truck and bar.

Vivian Sheldon 211536

Expenditure

What

7 of 16

Cost

Amount Total Cost

$800,00

1

$800,00

240v 4 Way Plug Board

$12.92

1

$12.92

Extension Lead (5 - 30m)

$11.00

3

$ 33.00

Jands 15chx2400watt Power $69.30
Distribution

1

$69.30

Channel Heavy Duty Cable
Cover 900mm Long

$22.00

3

$ 66,00

Marshall amplifier

$120.85

3

$ 362,45

Artists will provide own instruments -

-

-

Catering

Food truck with supplies, labor costs, beverages
(alcoholic and nonalcoholic), bar with supplies and gas.

Unsure

-

-

Photographer

Photographer

$200,00

1

$200,00

Furniture

Couch

$ 150,00

6

$900,00

Picnic table

$120,00

2

$240,00

Beanbags

$80,00

3

$240,00

Transportation

Gas

$ 150

1

$ 150

Invitations

Cards

$ 8,00

50

$400,00

Stamps

$ 2,00

50

$100,00

Magnets

$ 2,00

50

$100,00

Technical
Stage 6x5m requirements (www.stage.net
.au, 2015)

Vivian Sheldon 211536

Lighting

8 of 16

Standing lamp

$35,00

4

$140,00

Light bulbs

$8,00

4

$32,00

Cards

$8,00

50

$400,00

Stamps

$2,00

50

$100,00

Magnets

$ 2,00

50

$100,00

Insurance
(AAMI, 2016)

Public liability

$70,00 p/w

52

$3640,00

License
(Brisbane City
Council.2015)

Alcohol license

$200,00

1

$200,00

Gift bags

New album

$18,95

50x

$947,50

Ticket to show

$30,00

50x

$1500,00

Beer cooler

$10,00

50x

$500,00

Income

What

Costs

Amount Total Cost

Savings

Listener savings

$1800,00

1x

$1800,00

Ticket sales

Special offer for fans

Estimated at $40,00

10x

$400,00

Pre ticket sales tour

Unsure

-

-

Record label

Sponsor

$5000,00

1x

$5000,00

Crowdfunding

Kickstarter project

Estimated at $350,00

1x

$350,00

Sponsorship

Australian sponsor

Unsure

-

-

Thank you cards Vivian Sheldon 211536

4. Production
4.1 Technical requirements


Small stage



Amplifiers



3 Extensions chord



4 Way plug board



Power distribution



Listener will bring their own instruments

The Courier Mail Piazza has power points that can be used. The lamps will be provided with energy-efficient lightbulbs.

4.2 Floorplan (M.2mymob.com, 2016)

The field is 25 x 15 meters (appendices 1.2)

9 of 16

Vivian Sheldon 211536

10 of 16

4.3 Timetable
Time

Activity

13.00

Equipment arrives at location

13.10

Delimit area with tape (to not be interrupted)

13.10

Start preparing sail

13.15

Start connecting electricity

13.30

Start to build up stage and bar

14.00

Furniture arrives at location

14.05

Start arranging furniture

15.00

Food truck arrives at location and starts prepping food 15.15

Listener sound check

15.20

final sound check/lighting check/run through

15:30

Photographer arrives

15.30

Remove tape barrier

15.40

Open for guests

16.00

Launch begins

16.15

Opening/raising glass to launch

16.30

Gift bags arrive

16.30

Listener showcase

17.20

Listeners show ends

17.30

Meet & Greet with exclusive ticket holders

17:50

Listener can network

18:45

Thank you word and handing out gift bags

19:00

Launch ends

19.30

Lock and load

20.00

Clean up

Vivian Sheldon 211536

11 of 16

4.4 License and permits
This event will need an Event Noise Management Plan according to the Brisbane
City Council. Also this event will need a Waste and Sanitary Management Plan and a liquor license. (Brisbane City Council, 2015)

5. Personnel
Apart from the catering crew this event will be run by Listeners crew. The crew consists of three band members, an audio technician, tour manager, the driver and an online promotor they will run this event.

6. Catering
For the catering a food truck will be provided throughout the event. The guests will have the choice of four different small finger food bites such as slider hamburgers, fries, nachos and grilled cheese sandwiches. There will be vegetarian and gluten free options. 7. Contracts
The contracts required for this event are:
• Photographer contract (appendices 1.1)
• Catering contract + food truck hire contract
• Technical supplies hiring contract

All the other people supporting this event will be friends, family or volunteers. Their positions during the event will be assigned and talked over through verbal agreement. 8. Strategies
In order to gain the media’s attention Listener will send out a press release to the relevant media including a video where they announce the launch event and personally invite the media to join the event. This shall be sent through email. After that the handwritten invites will be send out asking the media to RSVP to the event.
The exclusive ticket offer for the fans shall be announced on social media.
In addition all the guests will receive a gift bag when they leave the event and a handwritten thank you note a couple of days after.

Vivian Sheldon 211536

12 of 16

9. Conclusion
By organizing the event as it states in this proposal the media will be interested in
Listener and the launch event. It will attract the appropriate media for Listener and it will be a great kick off to their first Australian tour.

Vivian Sheldon 211536

13 of 16

10. References
Australian Associated Motor Insurers Limited 2016, AAMI: Public Liability Insurance, viewed 17 March 2016, < https://www.google.com.au/webhp?sourceid=chromeinstant&ion=1&espv=2&ie=UTF-8#q=public%20liability%20insuranc>
Brisbane City Council. (2015). Event Noise Management Plan . Retrieved 14 March
2016, from Brisbane City Council
I am Listener. (2016), Listener, viewed 1 March 2016,

M.2mymob.com. (2016). Griffith University- South Bank Campus map, retrieved on 9
March 2016, Available at: http://m.2mymob.com/austereo/griffith/southbankmap.jsp;jsessionid=93401C8362028 D34D9EDBEC975A2C973 www.lessaccounting.com (2015) 9 Free Photography Contracts From Docracy, viewed on 16 of March, retrieved at https://lessaccounting.com/blog/free-photographycontracts/# www.stage.net.au. (2015). Stage & Audio Event Solutions, retrieved on 17 March
2016, from: http://www.stage.net.au/wp-content/uploads/2013/01/Stage-AudioCatalogue-2015-16.pdf.

Vivian Sheldon 211536

14 of 16

11. Appendices
1.1 Photographer contract (lesscouting, 2015)
This agreement is between Listener, hereinafter referred to as the "Client", and
……………….., hereinafter referred to as the "Photographer(s)".
Date of Event: ……
Start Time: 15:30
Ending Time: 19.30
[CLIENT 1 NAME]
Address: [CLIENT 1 ADDRESS]
Email: [CLIENT 1 EMAIL]
Phone: [CLIENT 1 PHONE]
Location
Name of Location: Southbank
Address: Glenelg St & Little Stanley St, Brisbane QLD 4101
Phone: 0478445698
Additional Contact
Name: Vivian Sheldon
Mobile Number: 0489551420
Additional contacts must be able to be contacted on the day of the event.
Amount agreed: $200,00
The Client agree to provide a meal for the Photographer if the length of attendance exceeds five hours.
Entire Agreement: This agreement contains the entire understanding between
Listeners management and the Photographer.
Confirmation: A signed “Contract for Event Photography Services” and payment of the booking are necessary to confirm the stated event services from the
Photographer.
Cooperation: The Clients and the Photographer consent to happily cooperating and communicating with each other to achieve the best possible result within the understanding of this contract. We recommend that the Photographer be provided with a helper (someone who knows most of the guests) who will point out key individuals to be photographed. Please note that not all guests like having their photo

Vivian Sheldon 211536

15 of 16

taken. In such cases the Photographer will use his discretion but cannot be held responsible for a lack of photos of these people.
The Schedule: The shooting schedule, style of working and experience are designed to achieve a great set of Event photos for the Clients, accomplished with good humour and enjoyed by all concerned. Both the Clients and the Photographers therefore agree that punctuality and cheerful cooperation are essential to producing outstanding photographic results. In cases where the Event does not run on time (for example, extreme lateness by one of the Clients guests) we cannot guarantee to take our normal set of photos although in such circumstances we will do our absolute best to compensate.
Copyright Law: The copyright of photographs remains with the Client. The images taken by the Photographer are for commercial and personal use by the Clients. Sale,
Publication or any Commercial use of the photographs is not allowed without prior written permission from the Client.
Limit of Liability: If a photographer is too ill or becomes injured and cannot supply the launch event services specified above the Photographer will try to book a replacement event photographer. Under normal circumstances a second photographer from the Photographer is there for the day anyway and this photographer will then shoot the day on his/her own. If both photographers are unavailable and a replacement photographer cannot be found then liability is limited to a refund of any payments received. The Photographers have working methods in place to prevent loss or damage to your images. However, there is the unlikely possibility that images may be lost, stolen or destroyed for reasons in or beyond our control. In these circumstances liability is limited to the return of fees paid for the service or part thereof according to the percentage of images supplied.
We have understood the contents of this contract and agree to the terms therein.
Date

Clients signature

Photographers signature

1.2 Location

16 of 16

Similar Documents

Free Essay

Aaaaa

...Maglev trains were great idea. Instead of just using conventional motors for power they use magnets to levitate the train above the track and propel it forward. The maglev trains are just a good idea, than reality. These vehicles travel quietly, quickly and with less impact on environment than traditional trains. Today’s maglev trains use conventional electro-magnets. But, scientists and engineers found well-being super conducting electro-magnets that will make maglev trains even more efficient. In this slideshow, I used a train model to demonstrate some of the science behind a well-being super conducting technology. This model doesn’t show exactly how a real super conducting maglev train would work. The real train would use super conducting electro-magnets. Not the form of super conducting material we show. But, this model does those principles such as magnetic levitation, magnetic flux trapping, the Meissonier effect, plus it’s a lot of fun. This pock is made of Yttrium Barium Copper oxide (YBa2Cu3O7-x). It’s a type of super conductor. Super Conductors are very special materials with special properties under certain conditions. But, right now when we place the pock on the magnetic track, nothing special happens. It just sets there. The magnetic field of the magnetic track which is made of very strong neptunium iron boride magnets penetrates through the pock just as the magnetic field penetrates through anything else. To bring out this magnet’s magical properties we need to cool...

Words: 496 - Pages: 2

Premium Essay

Hello

...In this beautiful world, many forces that can’t be identified by our naked eye surround us like anything...and some people do not even realize their existence. Forces like magnetism, electricity, gravity etc. have been a constituent of earth science. The spinning of the earth and things like gravity force etc. is due to the earth’s magnetism property. Here we are introducing a simple DIY science project for students or hobbyist – Maglev Train. Magnetic suspension, Maglev and Magnetic levitation are an approach by which a thing or any object is hanging without any support apart from the magnetic fields. This magnetic levitation approach is utilized for designing this simple maglev train. Actually the original maglev trains are very complex in design, but here we try to design a simple maglev train, which uses some permanent magnets, cardboard or wooden boards etc. Working Principle of Maglev Trains: The basic principle behind the magnetic levitation is to use the magnetism property to levitate any objects. Magnetism is a part of our elementary science, and the principle is that “the like/same poles repel each other but the unlike/opposite poles attract each other”.  Actually our Maglev Train works on this principle of magnetism. The train floats on the guide rail due to this principle of magnetism that the magnetic forces. Materials Required for Maglev Trains: The materials required for the construction of Maglev Train model are listed below. * Wooden block : 5" x...

Words: 825 - Pages: 4

Free Essay

Maglev Train

...California HighSpeedRail Series High Speed Rail in Japan: A Review and Evaluation of Magnetic Levitation Trains MamomTaniguchi Working Paper UCTCNo. I02 The University of California Transportation Center Umversity California of Berkeley, CA 94720 The University Transportation of California Center The University of California Transportation Center (UCTC) is one of ten regional units mandated by Congress and established in Fall 1988 to support research, education, and training in surface transportation. The UCCenter serves federal Region IX and is supported by matching grants from the U.$. Departmerit of Transportation, the California Department of Transportation (Caltrans), and the University. Based on the Berkeley Campus, UCTCdraws upon existing capabilities and resources of the Institutes of Transportation Studies at Berkeley, Davis, Irvine, and Los Angeles; the Institute of Urban and Regional Development at Berkeley; and several academic departments at the Berkeley, Davis, Irvhae, and Los Angeles campuses. Faculty and students on other University of California campuses may participate in Center activities. Researchers at other universities within the region also have opportunities to collaborate with UCfaculty on selected studies. UCTC’seducational and research programs are focused on strategic planning for improving metropolitan accessibility, with emphasis on the special conditions in Region IX. Particular attention is directed to strategies for using transportation...

Words: 4096 - Pages: 17

Free Essay

B&O Railroad

...The B&O Railroad By: Jaime Lewis For: Professor Knutson November 26, 2013 CON 101 Abstract The construction of the Baltimore and Ohio Railroad started in July of 1828. The city of Baltimore came up with the idea to build this railroad from Baltimore to Ohio because of the competition throughout the popular seaports in the United States. Baltimore was already a popular city, but adding a train that could carry people as well as goods would make more people travel to Baltimore, and other places along the train’s route, bring goods into Baltimore, and help keep Baltimore alive. The B&O railroad was always expanding. The railroad is best known for being the first railroad in the United States that used a steam locomotive. B&O Railroad Why was there a need for the Baltimore and Ohio Railroad? The Baltimore and Ohio Railroad was built due to competition throughout the main seaports in the United States. Due to the fact that Baltimore is at the top of the Chesapeake Bay, it had many advantages over other ports. Another way for goods to be transported from Baltimore all they way to Ohio was a great idea for Baltimore, therefore causing the plan for the B&O Railroad. During this time Baltimore was flooding with business. They constantly had ships coming into the harbor as well as trucks riding the highways. Baltimore was (and still is) such a popular and thriving city, so the railroad made sense to help keep business, and the city, alive. Baltimore had to...

Words: 2781 - Pages: 12

Free Essay

Controller

...THE MATHEMATICS OF LOTTERY Odds, Combinations, Systems  ∏ Cătălin Bărboianu INFAROM Publishing Applied Mathematics office@infarom.com http://www.infarom.com http://probability.infarom.ro ISBN 978-973-1991-11-5 Publisher: INFAROM Author: Cătălin Bărboianu Correction Editor: CarolAnn Johnson Copyright © INFAROM 2009 This work is subject to copyright. All rights are reserved, whether the whole work or part of the material is concerned, specifically the rights of translation, reprinting, reuse of formulas and tables, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of Copyright Laws, and permission for use must always be obtained from INFAROM. 2 Contents (of the complete edition) Introduction ...................................................................................... 5 The Rules of Lottery ...................................................................…. 11 Supporting Mathematics ......................................................…....... 15 Probability space ..............................................................…......... 16 Probability properties and formulas used .........................…......... 19 Combinatorics …………………………………………………... 22 Parameters of the lottery matrices …………………………......... 25 Number Combinations .......………….………………………...

Words: 20797 - Pages: 84

Free Essay

Discussion Board Unit 2

...Unit 2 DB Subjective Probability “ A probability derived from an individual's personal judgment about whether a specific outcome is likely to occur. Subjective probabilities contain no formal calculations and only reflect the subject's opinions and past experience.” (investopedia.com, 2013) There are three elements of a probability which combine to equal a result. There is the experiment ,the sample space and the event (Editorial board, 2012). In this case the class is the experiment because the process of attempting it will result in a grade which could vary from an A to F. The different grades that can be achieved in the class are the sample space. The event or outcome is the grade that will be received at the end of the experiment. I would like to achieve an “A” in this class but due to my lack of experience in statistical analysis, my hesitation towards advanced mathematics, and the length of time it takes for me to complete my course work a C in this class may be my best result. I have a 1/9 chance or probability to receive an “A” in the data range presented to me which is (A,A-,B,B-,C,C-,D,D- AND F). By the grades that have been posted I would say that the other students have a much better chance of receiving a better grade than mine. I have personally use subjective probability in my security guard business in bidding on contracts based on the clients involved , the rates that I charge versus the rates other companies charge and the amount of work involved...

Words: 344 - Pages: 2

Premium Essay

Probability

... Probability – the chance that an uncertain event will occur (always between 0 and 1) Impossible Event – an event that has no chance of occurring (probability = 0) Certain Event – an event that is sure to occur (probability = 1) Assessing Probability probability of occurrence= probability of occurrence based on a combination of an individual’s past experience, personal opinion, and analysis of a particular situation Events Simple event An event described by a single characteristic Joint event An event described by two or more characteristics Complement of an event A , All events that are not part of event A The Sample Space is the collection of all possible events Simple Probability refers to the probability of a simple event. Joint Probability refers to the probability of an occurrence of two or more events. ex. P(Jan. and Wed.) Mutually exclusive events is the Events that cannot occur simultaneously Example: Randomly choosing a day from 2010 A = day in January; B = day in February Events A and B are mutually exclusive Collectively exhaustive events One of the events must occur the set of events covers the entire sample space Computing Joint and Marginal Probabilities The probability of a joint event, A and B: Computing a marginal (or simple) probability: Probability is the numerical measure of the likelihood that an event will occur The probability of any event must be between 0 and 1, inclusively The sum of the...

Words: 553 - Pages: 3

Free Essay

Abstract

...= {-20, -19, …, -1, 0, 1, …, 19, 20} Number of people arriving at a bank in a day: S = {0, 1, 2, …} Inspection of parts till one defective part is found: S = {d, gd, ggd, gggd, …} Temperature of a place with a knowledge that it ranges between 10 degrees and 50 degrees: S = {any value between 10 to 50} Speed of a train at a given time, with no other additional information: S = {any value between 0 to infinity} 4 Sample Space (cont…)  Discrete sample space: One that contains either finite or countable infinite set of outcomes • Out of the previous examples, which ones are discrete sample spaces???  Continuous sample space: One that contains an interval of real numbers. The interval can be either finite or infinite 5 Events  A collection of certain sample points  A subset of the sample space  Denoted by ‘E’  Examples: • Getting an odd number in dice throwing experiment S = {1, 2, 3, 4,...

Words: 685 - Pages: 3

Free Essay

Pdf, Docx

...the stage where one can begin to use probabilistic ideas in statistical inference and modelling, and the study of stochastic processes. Probability axioms. Conditional probability and independence. Discrete random variables and their distributions. Continuous distributions. Joint distributions. Independence. Expectations. Mean, variance, covariance, correlation. Limiting distributions. The syllabus is as follows: 1. Basic notions of probability. Sample spaces, events, relative frequency, probability axioms. 2. Finite sample spaces. Methods of enumeration. Combinatorial probability. 3. Conditional probability. Theorem of total probability. Bayes theorem. 4. Independence of two events. Mutual independence of n events. Sampling with and without replacement. 5. Random variables. Univariate distributions - discrete, continuous, mixed. Standard distributions - hypergeometric, binomial, geometric, Poisson, uniform, normal, exponential. Probability mass function, density function, distribution function. Probabilities of events in terms of random variables. 6. Transformations of a single random variable. Mean, variance, median, quantiles. 7. Joint distribution of two random variables. Marginal and conditional distributions. Independence. iii iv 8. Covariance, correlation. Means and variances of linear functions of random variables. 9. Limiting distributions in the Binomial case. These course notes explain the naterial in the syllabus. They have been “fieldtested” on the class of 2000...

Words: 29770 - Pages: 120

Free Essay

Chapman-Kolmogorov Equations

...[pic] [pic] Markov Chain [pic] Bonus Malus Model [pic] [pic] This table justifies the matrix above: | | |  |Next state |  |  | |State |Premium |0 Claims |1 Claim |2 Claims |[pic]Claims | |1 |  |1 |2 |3 |4 | |2 |  |1 |3 |4 |4 | |3 |  |2 |4 |4 |4 | |4 |  |3 |4 |4 |4 | | | | | | | | |P11 |P12 |P13 |P14 | | | |P21 |P22 |P23 |P24 | | | |P31 |P32 |P33 |P34 | | | |P41 |P42 |P43 |P44 | | | | ...

Words: 361 - Pages: 2

Free Essay

Permutations

...Permutations The word ‘coincidence’ is defined as an event that might have been arranged though it was accidental in actuality. Most of us perceive life as a set of coincidences that lead us to pre-destined conclusions despite believing in a being who is free from the shackles of time and space. The question is that a being, for whom time and space would be nothing more than two more dimensions, wouldn’t it be rather disparaging to throw events out randomly and witness how the history unfolds (as a mere spectator)? Did He really arrange the events such that there is nothing accidental about their occurrence? Or are all the lives of all the living beings merely a result of a set of events that unfolded one after another without there being a chronological order? To arrive at satisfactory answers to above questions we must steer this discourse towards the concept of conditional probability. That is the chance of something to happen given that an event has already happened. Though, the prior event need not to be related to the succeeding one but must be essential for it occurrence. Our minds as I believe are evolved enough to analyze a story and identify the point in time where the story has originated or the set of events that must have happened to ensure the specific conclusion of the story. To simplify the conundrum let us assume a hypothetical scenario where a man just became a pioneer in the field of actuarial science. Imagine him telling us his story in reverse. “I became...

Words: 825 - Pages: 4

Free Essay

Engeeniring

...presence with probability 0.99. If it is not present, the radar falsely registers an aircraft presence with probability 0.10. We assume that an aircraft is present with probability 0.05. What is the probability of false alarm (a false indication of aircraft presence), and the probability of missed detection (nothing registers, even though an aircraft is present)? A sequential representation of the sample space is appropriate here, as shown in Fig. 1. Figure 1: Sequential description of the sample space for the radar detection problem Solution: Let A and B be the events A={an aircraft is present}, B={the radar registers an aircraft presence}, and consider also their complements Ac={an aircraft is not present}, Bc={the radar does not register an aircraft presence}. The given probabilities are recorded along the corresponding branches of the tree describing the sample space, as shown in Fig. 1. Each event of interest corresponds to a leaf of the tree and its probability is equal to the product of the probabilities associated with the branches in a path from the root to the corresponding leaf. The desired probabilities of false alarm and missed detection are P(false alarm)=P(Ac∩B)=P(Ac)P(B|Ac)=0.95∙0.10=0.095, P(missed detection)=P(A∩Bc)=P(A)P(Bc|A)=0.05∙0.01=0.0005. Application of Bayes` rule in this problem. We are given that P(A)=0.05, P(B|A)=0.99, P(B|Ac)=0.1. Applying Bayes’ rule, with A1=A and A2=Ac, we obtain P(aircraft present | radar registers) =...

Words: 1422 - Pages: 6

Free Essay

Isen624

...1.M/G/ Queue a. Show that Let A(t) : Number of arrivals between time (0, t] “ n should be equal to or great than k” since if n is less than k (n<k), Pk(t)=0 Let’s think some customer C, Let’s find P{C arrived at time x and in service at time t | x=(0,t)] } P{C arrives in (x, x+dx] | C arrives in (0, t] }P{C is in service | C arrives at x, and x = (0,t] } Since theorem of Poisson Process, The theorem is that Given that N(t) =n, the n arrival times S1, S2, …Sn have the same distribution as the order statistics corresponding to n independent random variables uniformly distributed on the interval (0, t) Thus, P{C is in service | C arrives between time (0, t] } Since let y=t-x, x=0 → y=t, x=t →y=o, dy=-dx Therefore, In conclusion, ------ (1) 1-a Solution Since b. let 1-b Solution ------------------------------------------------- 2. notation Page 147 in “Fundamentals of Queuing Theory –Third Edition- , Donald Gross Carl M. Harris a. b. ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- 3. a. let X=service time (Random variable) and XT=total service time (Random variable) X2=X+X, X3=X+X+X, ….. f2(x2)...

Words: 277 - Pages: 2

Free Essay

The Frequency Concept of Probability

...Probability & Mathematical Statistics | “The frequency concept of Probability” | [Type the author name] | What is probability & Mathematical Statistics? It is the mathematical machinery necessary to answer questions about uncertain events. Where scientists, engineers and so forth need to make results and findings to these uncertain events precise... Random experiment “A random experiment is an experiment, trial, or observation that can be repeated numerous times under the same conditions... It must in no way be affected by any previous outcome and cannot be predicted with certainty.” i.e. it is uncertain (we don’t know ahead of time what the answer will be) and repeatable (ideally).The sample space is the set containing all possible outcomes from a random experiment. Often called S. (In set theory this is usually called U, but it’s the same thing) Discrete probability Finite Probability This is where there are only finitely many possible outcomes. Moreover, many of these outcomes will mostly be where all the outcomes are equally likely, that is, uniform finite probability. An example of such a thing is where a fair cubical die is tossed. It will come up with one of the six outcomes 1, 2, 3, 4, 5, or 6, and each with the same probability. Another example is where a fair coin is flipped. It will come up with one of the two outcomes H or T. Terminology and notation. We’ll call the tossing of a die a trial or an experiment. Where we...

Words: 1183 - Pages: 5

Free Essay

What Is Your Analysis

...Model Answers for Chapter 4: Evaluating Classification and Predictive Performance Answer to 4.3.a: Leftmost bar: If we take the 10% "most probable 1’s(frauds)” (as ranked by the model), it will yield 6.5 times as many 1’s (frauds), as would a random selection of 10% of the records. 2nd bar from left: If we take the second highest decile (10%) of records that are ranked by the model as “the most probable 1’s (frauds ” it will yield 2.7 times as many 1’s (frauds), as would a random selection of 10 % of the records. Answer to 4.3.b: Consider a tax authority that wants to allocate their resources for investigating firms that are most likely to submit fraudulent tax returns. Suppose that there are resources for auditing only 10% of firms. Rather than taking a random sample, they can select the top 10% of firms that are predicted to be most likely to report fraudulently (according to the decile chart). Or, to preserve the principle that anyone might be audited, they can establish differential probabilities for being sampled -- those in the top deciles being much more likely to be audited. . Answer to 4.3.c: Classification Confusion Matrix Predicted Class 1 (Fraudulent) Actual Class 1 (Fraudulent) 0 (Non-fraudulent) Error rate = 0 (Non-fraudulent) 30 58 32 920 n0,1 + n1,0 32 + 58 = = 0.0865 = 8.65% n 1040 Our classification confusion matrix becomes Classification Confusion Matrix Predicted Class 1 (Fraudulent) ...

Words: 435 - Pages: 2