The service life of certain fan belts has been monitored and recorded, with times (in weeks) given

in the following Table, (“F” means Failure, “S” means suspension).

Q.1. How many data points should be used in the Weibull analysis? Why? What is the size (n) of

data that should be used in Weibull analysis?

Q.2. What are the values of d and dα for a K-S goodness-of-fit test in the Weibull analysis? Will

you reject the hypothesis at a 10% significance level that the two-parameter Weibull distribution

determined by the package is a model of the data set?

Q3. Find μ and σ.

Q.4. What is the point estimate of t when F is 0.4? Determine the 90% confidence interval of t?

Q.5. Fit a two-parameter Weibull model to the data set using the ML-estimation method and LSestimation

method.

Q.6. What is the probability that the fan belt will fail before 300 weeks given it is currently 150

weeks old?

Table 2. Fan Belt Failure Data

204(F) 154(F) 136(F) 183(F) 190(F) 197(F) 142(F) 224(F) 211(F) 166(S)

Compose a 3750 words essay on Risk Management in Brewin Dolphin Holdings Plc. Needs to be plagiarism free!

The object of analysis for the purpose of this assignment is Brewin Dolphin Holding PLC (BDH), a company that offers investment services to its client. The industry in which the company operates is the financial services. Brewin Dolphin Holding offers private investment advice to its richly diverse customers. The company operates in the following markets: England, Wales and the Channel Islands, Northern Ireland, Scotland, Bell Lawrie, Wise Speke in the North of England, and Hill Osborne in the East Midlands. This shows the extent of local market coverage by the Brewin Dolphin plc. BDH operates several subsidiaries which are wholly owned. The subsidiaries include Brewin Nominees Limited, North Castle Street (Nominee) Limited, and Brewin Dolphin Limited (that manages investments). In the recent past, the company formulated and implemented a new strategy that boosted the transformation rate of the services offered and increased the overall growth rate. The company operations are divided into two segments such as the investment management and corporate advisory and broking. Under the investment management segment, the following are the investment management advisory services provided by the company: pensions (including self-invested Pension plans), inheritance tax relief, ISAs and other tax-efficient investments, and international investment portfolios. Under the Corporate advisory and broking segment, the following activities are undertaken: market research, trading and sales services, and activities involving merger and acquisitions, debt advisory services among others. There is an increase in the demand for personal financial management advisory services. Thus, there is an anticipation of future growth in the market. The driving force behind the increase in demand is the increasing rate at which the society strives to become financially independent. In the United Kingdom alone, two million individuals were estimated to own liquid assets in excess of £ 100,000 by the end of the year 2012. By that time, only £ 548 billion of the funds were under the management of wealth management companies in the UK. Out of the eleven wealth management companies, Brewin Dolphin managed 15% of the total funds, giving a market share of 15%.