You are given: Number of Claims Probability Claim Size Probability 1 25 150 50 200 Claim sizes are independent. Determine the variance of the aggregate loss. (A) 4,050 (В) 8,100 (C) 10,500 (D) 12,510 (E) 15,612 名%| 一名

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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You are given:
Number of
Claims
Probability
Claim Size
Probability
1
25
150
2
50
200
Claim sizes are independent.
Determine the variance of the aggregate loss.
(A)
4,050
(В)
8,100
(C)
10,500
(D)
12,510
(E)
15,612
名%
一名
Transcribed Image Text:You are given: Number of Claims Probability Claim Size Probability 1 25 150 2 50 200 Claim sizes are independent. Determine the variance of the aggregate loss. (A) 4,050 (В) 8,100 (C) 10,500 (D) 12,510 (E) 15,612 名% 一名
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