You are an actuary and have historical data on the table below. Find annual expected loss per employee, E(L), in dollars. (*frequency refers to the number of accidents and severity is the total dollar loss resulting from these accidents). YEARS 1 2 3 4 5 TOTALS # O $125.250 O $90.489 EMPLOYEES O $152.353 O $75.000 O $133.344 10,000 10,780 12,220 12,900 14,100 60,000 FREQUENCY* | SEVERITY* 1000 1,600,000 900 1,600,000 1100 1,600,000 800 1,600,000 1200 1,600,000 5,000 8,000,000

You are an actuary and have historical data on the table below. Find annual expected loss per employee, E(L), in dollars. (frequency refers to the number of accidents and severity is the total dollar loss resulting from these accidents). YEARS 1 2 3 4 5 TOTALS # O $125.250 O $90.489 EMPLOYEES O $152.353 O $75.000 O $133.344 10,000 10,780 12,220 12,900 14,100 60,000 FREQUENCY | SEVERITY* 1000 1,600,000 900 1,600,000 1100 1,600,000 800 1,600,000 1200 1,600,000 5,000 8,000,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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Question

You are an actuary and have historical data on the table below. Find annual expected loss per employee, E(L), in
dollars. (*frequency refers to the number of accidents and severity is the total dollar loss resulting from these
accidents).
YEARS
1
2
3
4
5
TOTALS
#
$125.250
O $90.489
EMPLOYEES
$152.353
O $75.000
O $133.344
10,000
10,780
12,220
12,900
14,100
60,000
FREQUENCY* SEVERITY*
1000
1,600,000
900
1,600,000
1100
1,600,000
800
1,600,000
1200
1,600,000
5,000 8,000,000

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