Question: code in R Y The following data represents the total claim amounts per year, ij and the corresponding number of insurance products, ij over a
code in R 
Y The following data represents the total claim amounts per year, ij and the corresponding number of insurance products, ij over a six-year period for four types of insurance products, A to D: Year, j 2016 2017 2018 2019 2020 2015 1120;4 A 1860;6 2040,6 1180:7 900;4 3040:12 1200;5 5740:15 Fleet, i B 1760:10 1720:11 3400:14 2820:12 1620:4 3060:8 2680;9 2000;3 3800;11 2600;6 4800;8 4200;3 3860,9 D 4260:9 9020;8 5200;9 Find the credibility premium for each product. Y The following data represents the total claim amounts per year, ij and the corresponding number of insurance products, ij over a six-year period for four types of insurance products, A to D: Year, j 2016 2017 2018 2019 2020 2015 1120;4 A 1860;6 2040,6 1180:7 900;4 3040:12 1200;5 5740:15 Fleet, i B 1760:10 1720:11 3400:14 2820:12 1620:4 3060:8 2680;9 2000;3 3800;11 2600;6 4800;8 4200;3 3860,9 D 4260:9 9020;8 5200;9 Find the credibility premium for each product
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
