Exercise of Chapter 9 Part I 1. Use the following data to calculate (forecast) expected total losses for 2020 assuming that the probability distributions of frequency and severity have been and will continue to be stable. (a) Using average method (blue area) (b) Using time trend method in a regression equation (green area) (please follow the steps by calculating and filling all the question marks. Show me the process how get these figures.) Trency of Accident Annapolis Sevmeyintain touring the latest ultimate Dul Yours 2001 2014 2016 11 1000 LOIR co 2014 wywie - pirai- a = b = Regression Equation y=a+ bx 1. Frequency yl =? 2. Severity y2 = ? For year 2020, x=8 yl = ? y2 =? Calculation of 2020 losses Total Loss in 2020 Frequency severity Expected total loss (Loss 1) average method 2 Frequency and very Equation yatbex Equation y = a + bx in regression method =? y = ? Total Loss in 2020 Loss2 =yys Difference in Lossi -Loss 2 = ? Implication from the difference_2 results between two methods a = -* b y - 23 - () - Regression Equation y = a + bx 1. Frequency_y1 =? 2. Severity y2 = 2 For year 2020 X=8 y = 2 y2 =? Exercise of Chapter 9 Part I 1. Use the following data to calculate (forecast) expected total losses for 2020 assuming that the probability distributions of frequency and severity have been and will continue to be stable. (a) Using average method (blue area) (b) Using time trend method in a regression equation (green area) (please follow the steps by calculating and filling all the question marks. Show me the process how get these figures.) Trency of Accident Annapolis Sevmeyintain touring the latest ultimate Dul Yours 2001 2014 2016 11 1000 LOIR co 2014 wywie - pirai- a = b = Regression Equation y=a+ bx 1. Frequency yl =? 2. Severity y2 = ? For year 2020, x=8 yl = ? y2 =? Calculation of 2020 losses Total Loss in 2020 Frequency severity Expected total loss (Loss 1) average method 2 Frequency and very Equation yatbex Equation y = a + bx in regression method =? y = ? Total Loss in 2020 Loss2 =yys Difference in Lossi -Loss 2 = ? Implication from the difference_2 results between two methods a = -* b y - 23 - () - Regression Equation y = a + bx 1. Frequency_y1 =? 2. Severity y2 = 2 For year 2020 X=8 y = 2 y2 =