exercise:9701f41aee: Difference between revisions
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If the probability that the claim frequency is zero is 0.75, determine the variance of the claim frequency. | If the probability that the claim frequency is zero is 0.75, determine the variance of the claim frequency. | ||
< | <ul class="mw-excansopts"> | ||
<li>0.2475</li> | <li>0.2475</li> | ||
<li>0.5123</li> | <li>0.5123</li> | ||
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<li>0.8833</li> | <li>0.8833</li> | ||
<li>1</li> | <li>1</li> | ||
</ | </ul> | ||
Latest revision as of 22:54, 16 March 2024
The joint distribution of claim frequency and claim severity, conditional on the claim frequency being positive, is given below:
Claim Size Claim Frequency |
100 | 300 | 500 | 1000 |
|---|---|---|---|---|
| 1 | 0.25 | 0 | 0.2 | 0 |
| 2 | 0 | 0.37 | 0 | 0.18 |
If the probability that the claim frequency is zero is 0.75, determine the variance of the claim frequency.
- 0.2475
- 0.5123
- 0.6625
- 0.8833
- 1