Question: Based on the information in PA station , Amazon has constructed the following table related to the dollar amount of losses for 100 reported accidents

  1. Based on the information in PA station, Amazon has constructed the following table related to the dollar amount of losses for 100 reported accidents.

$ amount of losses

# of accidents having

this $ amount of losses

$500

65

$1,200

30

$4,200

5

  1. Derive the probability distribution of the dollar amount of losses based on this data. Be careful to label exactly what you are defining as the probability distribution. [2 points]

  1. Calculate the expected value of severity per truck in PA station. [1 point]

  1. Calculate the expected loss per truck in PA station. [2 points]

  1. Calculate the expected loss for ALL trucks in PA station. [1 point]

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