The claim frequency of a policy with no deductible is distributed as NB(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?
The claim frequency of a policy with no deductible is distributed as NB(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?
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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Transcribed Image Text:3. The claim frequency of a policy with no deductible is distributed as NB(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?
3: weibull distribution
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