7.17 There are four classes of insureds, each of whom may have zero or one claim,...
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7.17 There are four classes of insureds, each of whom may have zero or one claim, with the following probabilities: Number of claims Class 1 A 0.9 0.1 0.2 B 0.8 0.5 0.5 0.1 0.9 A class is selected randomly, with probability of one-fourth, and four insureds are selected at random from the class. The total number of claims is two. If five insureds are selected at random from the same class, determine the Bühlmann- Straub credibility estimate of the expected total number of claims. 7.17 There are four classes of insureds, each of whom may have zero or one claim, with the following probabilities: Number of claims Class 1 A 0.9 0.1 0.2 B 0.8 0.5 0.5 0.1 0.9 A class is selected randomly, with probability of one-fourth, and four insureds are selected at random from the class. The total number of claims is two. If five insureds are selected at random from the same class, determine the Bühlmann- Straub credibility estimate of the expected total number of claims.
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The four classes have means 010205 and 09 Variances090108020505 and 0... View the full answer
Related Book For
Probability & Statistics for Engineers & Scientists
ISBN: 978-0130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
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