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

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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

 

  1. Fill in the table and calculate the average frequency of loss. 

 

  1. 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

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
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
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