The following is the experience of Insurer A for the last three years: Year Number of Exposures Number of Collision Claims Collision Losses ($) 110,000 2 10,000 3 10,000 375 330 420 350,000 250,000 400,000 1. What is the frequency of losses in year 1? Hint: What is the number of collisions claims in year 1? 2. Calculate the probability of a loss in year 1. Divide the number of collision claims in a by the total number of exposures in year 1. 3. Calculate the mean losses per exposure. Mean is "average". The average number of exposures-add all 3 years of exposures and divide by 3 because that is how many years you are averaging. 4. Calculate the mean number of collision claims. add 3 years of the numbers of collision claims and divide the total (number of years) which is 3. s. Calculate the mean losses per collision claims. Average or mean collision losses-add all three years of collision losses $$ and dived by3. 6. The experience of Insurer A for the last three years was the following in the table below: What is the range of collision losses per year? Definition of range: lowest dollar loss minus (or subtract) highest dollar loss