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ABy Admin
Jun 01'22

Exercise

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].

  1. 0.0301
  2. 0.0329
  3. 0.0412
  4. 0.0465
  5. 0.0493
ABy Admin
Jun 01'22

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