The ground-up losses have an exponential distribution with mean 750,000. A deductible of 500,000 is applied to the product and the frequency distribution for the total number of losses, , is Poisson with mean 2. What is the percentage of policyholders be expected to have at least one claim paid to them?
The ground-up losses have an exponential distribution with mean 750,000. A deductible of 500,000 is applied to the product and the frequency distribution for the total number of losses, , is Poisson with mean 2. What is the percentage of policyholders be expected to have at least one claim paid to them?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.6: Summarizing Categorical Data
Problem 31PPS
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The ground-up losses have an exponential distribution with mean 750,000. A deductible of 500,000 is applied to the product and the frequency distribution for the total number of losses, , is Poisson with mean 2. What is the percentage of policyholders be expected to have at least one claim paid to them?
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