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].
- 0.0301
- 0.0329
- 0.0412
- 0.0465
- 0.0493