Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 32 2.5 pts Q31 - Q32 are based on the following information: Frequency Severity #Claims Prob Loss Prob 0 0.5 500 0.6 1 0.3

image text in transcribed

Question 32 2.5 pts Q31 - Q32 are based on the following information: Frequency Severity #Claims Prob Loss Prob 0 0.5 500 0.6 1 0.3 3000 0.3 2 0.2 5000 0.1 Given the following frequency and severity distributions, what is the standard deviation of aggregate loss? 2283.51 1866.79 1650.30 2371.23

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

School Finance And Business Management Optimizing Fiscal Facility And Human Resources

Authors: Craig A. Schilling, Daniel R. Tomal

2nd Edition

1475844026, 978-1475844023

More Books

Students also viewed these Finance questions

Question

Appreciate the legal implications of employment documentation

Answered: 1 week ago