Question: Based on the information in KY, CAP has collected the following data regarding the dollar amount of losses for the 320 reported accidents in KY.

Based on the information in KY, CAP has collected the following data regarding the dollar amount of losses for the 320 reported accidents in KY. a. Calculate the expected value of severity per accident. [4 points] b. Calculate the expected loss per airplane P. [4 points] Calculate the expected loss P for ALL airplanes. [4 points]

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