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The claim frequency of a policy with no deductible is distributed as NB(3,0.2). T claim severity is distributed as W(0.3, 100). Determine the expected number of cla payments when the policy has a deductible of 10. What is the claim frequency dist

The claim frequency of a policy with no deductible is distributed as NB(3,0.2). T claim severity is distributed as W(0.3, 100). Determine the expected number of cla payments when the policy has a deductible of 10. What is the claim frequency dist

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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3. The claim frequency of a policy with no deductible is distributed as B(3,0.2). The claim severity is distributed as W(0.3, 100). Determine the expected number of claim payments when the policy has a deductible of 10. What is the claim frequency distri- bution with the deductible?
Transcribed Image Text:3. The claim frequency of a policy with no deductible is distributed as B(3,0.2). The claim severity is distributed as W(0.3, 100). Determine the expected number of claim payments when the policy has a deductible of 10. What is the claim frequency distri- bution with the deductible?
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