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1. The frequency distribution for the number of losses when there is no deductible is negative binomial with r = 3 and ß
Posted: Sun Jul 10, 2022 10:21 am
by answerhappygod
- 1 The Frequency Distribution For The Number Of Losses When There Is No Deductible Is Negative Binomial With R 3 And Ss 1 (18.23 KiB) Viewed 100 times
1. The frequency distribution for the number of losses when there is no deductible is negative binomial with r = 3 and ß = 5. Loss amounts have a Weibull distribution with T = 0.3 and 0 = 1000 (cumulative distribution function F(x) = 1 - exp(-))): a. (1 point) Determine the distribution of the number of payments when a deductible of 200 is applied. Justify your answer. b. (1 point) Determine the expected number of payments when a deductible of 200 is applied.