ABy Admin
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+1)[/math] for [math] i = 0, \ldots, n [/math]. A risk is randomly selected with each risk equally likely to be selected. If a samples 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
ABy Admin
Jun 01'22

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