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Determine the variance of the annual claim frequency. | Determine the variance of the annual claim frequency. | ||
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<li>3.41</li> | <li>3.41</li> | ||
<li>40.97</li> | <li>40.97</li> | ||
Revision as of 11:31, 4 July 2024
The following is known about the monthly claim frequency:
- The monthly claim frequency has a geometric distribution
- The probability that there are 4 claims in a month is half the probability that there are 2 claims in a month
- Monthly claim frequencies are independent
Determine the variance of the annual claim frequency.
- 3.41
- 40.97
- 38.95
- 42.15
- 69.94