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Page 15 of 30 Consider the following Sample Loss Frequency and Severity Distributions. Assume also that these distributions are independent. What is the probability of

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Page 15 of 30 Consider the following Sample Loss Frequency and Severity Distributions. Assume also that these distributions are independent. What is the probability of having a total loss of 75,000? Frequency Distribution Severity Distribution Probability Frequency Probability Severity 0.5 0.7 25,000 O 0.3 1 0.2 50,000 0.2 2 0.1 200,000 O0.028 0.056 0.9 O0.18

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