Revision as of 00:01, 7 July 2024 by Admin
ABy Admin
Jun 02'22
Exercise
An insurance policy offers coverage for three years. You are given the following about the annual loss:
- Annual losses are independent
- The annual loss has an exponential distribution with mean 500
Determine the mode of the loss distribution for the three year coverage.
- 500
- 750
- 1,000
- 2,000
- 2,500