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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

image text in transcribed

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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