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revAdmin (Created page with "You are given: #The number of claims follows a Poisson distribution. #The number of claims and claim severity are independent. #The severity distribution is: {| class = "table table-bordered" | Claim Size | Probability |- | 5 | 0.60 |- | 40 | 0.35 |- | 60 | 0.05 |} Calculate the expected number of claims needed so the total cost of claims is within 5% of the expected with probability 0.90. <ul class="mw-excansopts"> <li>511</li> <li>726</li> <li>1083</li> <li>204...")Aug 5'24 at 20:20+526