2. You are given the following experience for 3 group policyholders: Year 1 Year 2 10 A Number of policies Average losses Number of policies Average losses CNumber of policies Average losses 15 5 10 B N/A 30 N/A 12 N/A 20 N/A 5 Using empirical Bayes non-parametric methods, calculate the credibility factor Z for policyholder B.

2. You are given the following experience for 3 group policyholders: Year 1 Year 2 10 A Number of policies Average losses Number of policies Average losses CNumber of policies Average losses 15 5 10 B N/A 30 N/A 12 N/A 20 N/A 5 Using empirical Bayes non-parametric methods, calculate the credibility factor Z for policyholder B.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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