Mara Jade is analyzing the fire damage losses in her insurance firm that occurred over a one-year period, based on the following data: Number of Claims Filed Number of Houses Total Number of Claims 0 9,555 0 1 160 160 2 20 40
Mara Jade is analyzing the fire damage losses in her insurance firm that occurred over a one-year period, based on the following data: Number of Claims Filed Number of Houses Total Number of Claims 0 9,555 0 1 160 160 2 20 40
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Mara Jade is analyzing the fire damage losses in her insurance firm that occurred over a one-year period, based on the following data:
|
Number of Claims Filed |
Number of Houses |
Total Number of Claims |
|
0 |
9,555 |
0 |
|
1 |
160 |
160 |
|
2 |
20 |
40 |
- Fill in the table and calculate the average frequency of loss.
- Use the information in the table to estimate a probability distribution for the frequency distribution of losses.
can you analyse table and wrtie description and conclusion
Transcribed Image Text:27 C)
28
29 Column 1
Column 2
Column 3
30 Number of Claims Filed
Number of Houses Total Number of Claims
31
9555
32
1
160
160
33
20
40
34 Sum
9735
200
35
36 Average Frequency
0.020544427
37
38
39
40 D)
41
42 Number of Claims
1
43 Probability
0.9815
0.0164
0.0021
44
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Recommended textbooks for you
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman