exercise:Fdfd7140f0: Difference between revisions
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Suppose we have six risks. The probability that the <math>n</math><sup>th</sup> risk's claim frequency equals <math>i</math> is <math>1/n</math> for <math> i = 0, \ldots, n </math>. A risk is randomly selected with each risk equally likely to be selected. If a | Suppose we have six risks. The probability that the <math>n</math><sup>th</sup> risk's claim frequency equals <math>i</math> is <math>1/(n+1)</math> for <math> i = 0, \ldots, n </math>. A risk is randomly selected with each risk equally likely to be selected. If a samples claim frequency of 4 is observed for the selected risk, determine the probability that a new sample claim frequency for the selected risk equals 0. | ||
< | <ul class="mw-excansopts"> | ||
<li>0.1283</li> | <li>0.1283</li> | ||
<li>0.1631</li> | <li>0.1631</li> | ||
| Line 7: | Line 7: | ||
<li>0.391</li> | <li>0.391</li> | ||
<li>0.4083</li> | <li>0.4083</li> | ||
</ | </ul> | ||
Latest revision as of 19:40, 1 July 2024
Suppose we have six risks. The probability that the [math]n[/math]th risk's claim frequency equals [math]i[/math] is [math]1/(n+1)[/math] for [math] i = 0, \ldots, n [/math]. A risk is randomly selected with each risk equally likely to be selected. If a samples claim frequency of 4 is observed for the selected risk, determine the probability that a new sample claim frequency for the selected risk equals 0.
- 0.1283
- 0.1631
- 0.1731
- 0.391
- 0.4083