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Determine <math>\operatorname{P}[N=4]</math>.
Determine <math>\operatorname{P}[N=4]</math>.


<ol style="list-style-type:upper-alpha">
<ul class="mw-excansopts">
<li>0.0301</li>
<li>0.0301</li>
<li>0.0329</li>
<li>0.0329</li>
Line 15: Line 15:
<li>0.0465</li>
<li>0.0465</li>
<li>0.0493</li>
<li>0.0493</li>
</ol>
</ul>

Latest revision as of 22:50, 25 June 2024

The claim frequency, [math]N[/math], for a policy has a binomial distribution with the following properties:

[[math]] \operatorname{P}[N=1] = 1.5\operatorname{P}[N=0] ,\, \operatorname{E}[N] = \frac{5}{3}. [[/math]]

Determine [math]\operatorname{P}[N=4][/math].

  • 0.0301
  • 0.0329
  • 0.0412
  • 0.0465
  • 0.0493