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4) Given the following dataset of reported claim distribution, k is the number of claims, nk is the number of policies with k reported claims. k nk 0 1 2 3 4500 1500 500 50 4 10 nk-1 positive, negative, or zero). 5 5 6 3 7 2 8 0 From the (a, b, 0) class of discrete distributions, determine which one is the best choice to fit/model this dataset. Justify your answer. (Hint: first compare mean and variance of the dataset, then compute and plot k = ak + b for k = 1,2,3,... to see if the slope is approximately 7 menn nk

4) Given the following dataset of reported claim distribution, k is the number of claims, nk is the number of policies with k reported claims. k nk 0 1 2 3 4500 1500 500 50 4 10 nk-1 positive, negative, or zero). 5 5 6 3 7 2 8 0 From the (a, b, 0) class of discrete distributions, determine which one is the best choice to fit/model this dataset. Justify your answer. (Hint: first compare mean and variance of the dataset, then compute and plot k = ak + b for k = 1,2,3,... to see if the slope is approximately 7 menn nk

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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4) Given the following dataset of reported claim distribution, k is the number of claims, ng is the number of policies with k reported claims. k 1 3 4 6. 7 8. nk 4500 1500 500 50 10 3 From the (a, b, 0) class of discrete distributions, determine which one is the best choice to fit/model this dataset. Justify your answer. (Hint: first compare mean and variance of the dataset, then compute and plot "k nk-1 = ak + b for k = 1,2,3, to see if the slope is approximately %3D ... positive, negative, or zero). (mean
Transcribed Image Text:4) Given the following dataset of reported claim distribution, k is the number of claims, ng is the number of policies with k reported claims. k 1 3 4 6. 7 8. nk 4500 1500 500 50 10 3 From the (a, b, 0) class of discrete distributions, determine which one is the best choice to fit/model this dataset. Justify your answer. (Hint: first compare mean and variance of the dataset, then compute and plot "k nk-1 = ak + b for k = 1,2,3, to see if the slope is approximately %3D ... positive, negative, or zero). (mean
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