3. The table below is about a portfolio of auto insurance policies. Consider the distribution for the number of claims per policy. Which distribution from Poisson, Binomial and Negative binomial, do you suggest? Explain. Data on Auto Insurance No. of claims per policy No. of policies 9048 905 2. 45 2. 4+

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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3. The table below is about a portfolio of auto insurance policies. Consider the distribution for the number
of claims per policy. Which distribution from Poisson, Binomial and Negative binomial, do you suggest?
Explain.
Data on Auto Insurance
No. of policies
No. of claims
per policy
9048
905
2.
45
3.
2.
4+
Transcribed Image Text:3. The table below is about a portfolio of auto insurance policies. Consider the distribution for the number of claims per policy. Which distribution from Poisson, Binomial and Negative binomial, do you suggest? Explain. Data on Auto Insurance No. of policies No. of claims per policy 9048 905 2. 45 3. 2. 4+
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