Question: Total aggregate claims S = X1+ +XN are modeled by a compound .. 1/2) and P(X B(4,q j = 1, 2, 3, 4, 5.

Total aggregate claims S = X1+ +XN are modeled by a compound

Total aggregate claims S = X1+ +XN are modeled by a compound .. 1/2) and P(X B(4,q j = 1, 2, 3, 4, 5. Determine the mean, variance, skewness S and find the exact probability distribution for S using Panjer's recursive formula. binomial distribution where N - j) x j for

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