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Answer the following. a. b. A home insurance company anticipates the following pattern of claims, based on historical data. hat is the standard deviation of
Answer the following.
a.
b.
A home insurance company anticipates the following pattern of claims, based on historical data. hat is the standard deviation of claims? Number of Claims out of 10,000 Policy Type of Claim Size of Claim Holders Probability $200,000 0.0001 $50,000 0.001 10 $2,000 200 0.02 0.9789 $0 9,789 O A. $3,753.52 O B. $2,000 O C. $6,567,900 O D. $110 O E. $2,562.79
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Financial Management Theory And Practice
Authors: Prasanna Chandra
8th Edition
0071078401, 978-0071078405
