Probability and Statistics Case A company has 100 exposure units each facing the following frequency and severity distributions. Using these distributions, calculate the company's total loss distribution, showing all possible outcomes and their associated probabilities. Calculate the mean and standard deviation of the total loss distribution. Use this information to calculate the company's maximum probably loss using both Chebycher's. Theorem and the Normal Approximation. (Use a confidence level of 93%.) Upload your answers in the Assignments section of D2L. Frequency Distribution # of Losses Probability 23% 1 27% NO Severity Distribution Amount of Loss Probability $1,000 29% $5,000 51% $9,000 20% 50% Probability and Statistics Case A company has 100 exposure units each facing the following frequency and severity distributions. Using these distributions, calculate the company's total loss distribution, showing all possible outcomes and their associated probabilities. Calculate the mean and standard deviation of the total loss distribution. Use this information to calculate the company's maximum probably loss using both Chebycher's. Theorem and the Normal Approximation. (Use a confidence level of 93%.) Upload your answers in the Assignments section of D2L. Frequency Distribution # of Losses Probability 23% 1 27% NO Severity Distribution Amount of Loss Probability $1,000 29% $5,000 51% $9,000 20% 50%