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Title: A home insurance company anticipates the following pattern of claims, based on historical data. What ...
Post by: Name2 on Apr 25, 2021

A home insurance company anticipates the following pattern of claims, based on historical data. What is the expected claim on the next policy sold by the company?

Type of Claim	Size of Claim	Number of Claims out of 10,000 Policy Holders	Probability
1	$200,000	1	0.0001
2	$50,000	10	0.001
3	$2,000	200	0.02
4	$0	9,789	0.9789

▸ $100

▸ $110

▸ $120

▸ $130

▸ $140

Title: A home insurance company anticipates the following pattern of claims, based on historical data. What ...
Post by: jamesbove on Apr 25, 2021

Content hidden

Title: Re: A home insurance company anticipates the following pattern of claims, based on historical data. ...
Post by: klarissa hernandez on Sep 25, 2021

Really appreciate this, Thank you!

Title: BFSF: A home insurance company anticipates the following pattern of claims, based on historical data. What ...
Post by: Pamela Huffstetler on Oct 14, 2023

Help! The answer is missing an explanation...

Title: Re: A home insurance company anticipates the following pattern of claims, based on historical data. ...
Post by: jamesbove on Oct 14, 2023

Done! ^^