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Jun 01'22
Exercise
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[/math] for [math] i = 0, \ldots, n [/math]. A risk is randomly selected with each risk equally likely to be selected. If a sample 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