Question
Please answer the highlighted yellow sheet with how you got the answers. Please don't copy paste from other incorrect answers. Question needs no update. Everything
Please answer the highlighted yellow sheet with how you got the answers. Please don't copy paste from other incorrect answers. Question needs no update. Everything is included in the yellow highlighted part
Mara Jade also analyzes the severity from all claims that occurred over a one-year period, based on the following data:
Range of Loss Amount | Midpoint Dollar Amount of Losses | Number of Losses |
$1 - $7,999 | 4,000 | 100 |
$8,000 - $20,000 | 14,000 | 50 |
Greater than $20,000 | 80,000 | 3 |
Range of Loss Amount | Midpoint Dollar Amount of Losses | Number of Losses |
$1 - $7,999 | 4,000 | 100 |
$8,000 - $20,000 | 14,000 | 50 |
Greater than $20,000 | 80,000 | 3 |
Column 1 Lower Range of Loss Upper Range c Midpoint of Claims Range Column2 Column3 Number of Losses Column4 Total Dollar Amount of Losses N/A Sum Loss Severity F) Midpoint of Claims Range Probability G) Row Loss 1 Loss 2 Total Loss Probability Total Loss x Probability Sum Column 1 Lower Range of Loss Upper Range c Midpoint of Claims Range Column2 Column3 Number of Losses Column4 Total Dollar Amount of Losses N/A Sum Loss Severity F) Midpoint of Claims Range Probability G) Row Loss 1 Loss 2 Total Loss Probability Total Loss x Probability Sum
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