Consider a sample of 100 insurance policies from a portfolio of a general insurance company. The following table gives the frequency distribution of claims, where x denotes the number of claims and f denotes the number of policies: 1 2 70 20 9 1 Find the sample variance of claims per policy.

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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Sample variance

Consider a sample of 100 insurance policies from a portfolio of a general insurance company. The following table gives the frequency distribution of claims, where x denotes the
number of claims and f denotes the number of policies:
1
2
f
70
20
1
Find the sample variance of claims per policy.
Transcribed Image Text:Consider a sample of 100 insurance policies from a portfolio of a general insurance company. The following table gives the frequency distribution of claims, where x denotes the number of claims and f denotes the number of policies: 1 2 f 70 20 1 Find the sample variance of claims per policy.
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