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22. Below is a table of three-year data on homeowner insurance claims for Region B. Please use the table to answer the questions a- I

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22. Below is a table of three-year data on homeowner insurance claims for Region B. Please use the table to answer the questions a- I ( 24 points). a. What is the frequency of losses in year 1? ( 2 points) b. Calculate the probability of a loss in year 1 ( 2 points). c. Calculate the mean losses per year for the collision claims and losses (6 points). d. Calculate the mean losses per exposure ( 2 points). e. Calculate the mean losses per claim (2 points). f. What is the average frequency of the losses? (2 points) g. What is the average severity of the losses? (2 points) h. What is the standard deviation of claims? (4 points) i. Calculate the coefficient of variation of claims. ( 2 points) 22. Below is a table of three-year data on homeowner insurance claims for Region B. Please use the table to answer the questions a- I ( 24 points). a. What is the frequency of losses in year 1? ( 2 points) b. Calculate the probability of a loss in year 1 ( 2 points). c. Calculate the mean losses per year for the collision claims and losses (6 points). d. Calculate the mean losses per exposure ( 2 points). e. Calculate the mean losses per claim (2 points). f. What is the average frequency of the losses? (2 points) g. What is the average severity of the losses? (2 points) h. What is the standard deviation of claims? (4 points) i. Calculate the coefficient of variation of claims. ( 2 points)

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