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Plz DO ASAP & don't Copy Chegg 57.13. (4-F04:17) You are given the following commercial automobile policy experience: Company Year 1 Year 2 Year 3
Plz DO ASAP & don't Copy Chegg
57.13. (4-F04:17) You are given the following commercial automobile policy experience: Company Year 1 Year 2 Year 3 Losses 1 50,000 50,000 ? Number of Automobiles 100 200 ? Losses ? II 150,000 150,000 Number of Automobiles ? 500 300 Losses III 150,000 ? 150,000 Number of Automobiles 50 ? 150 Determine the nonparametric empirical Bayes credibility factor, Z, for Company III. (A) Less than 0.2 (B) At least 0.2, but less than 0.4 (C) At least 0.4, but less than 0.6 (D) At least 0.6, but less than 0.8 (E) At least 0.8Step by Step Solution
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