5. The number of losses per year on an insurance coverage follows a binomial distribution with m = 9,9 = 0.1. The size of each loss is uniformly distributed on (0,60). The size of loss is independent of the number of losses. The insurance coverage has a per-loss ordinary deductible of 12. Calculate the variance of annual aggregate payments on the coverage. 5. The number of losses per year on an insurance coverage follows a binomial distribution with m = 9,9 = 0.1. The size of each loss is uniformly distributed on (0,60). The size of loss is independent of the number of losses. The insurance coverage has a per-loss ordinary deductible of 12. Calculate the variance of annual aggregate payments on the coverage