Question: E) Fill in the table to find the average severity per claim. F) Use the information in the table to estimate a probability distribution for

 E) Fill in the table to find the average severity per

claim. F) Use the information in the table to estimate a probability

E) Fill in the table to find the average severity per claim. F) Use the information in the table to estimate a probability distribution for the loss severity per claim. G) Use convolution to find the average loss. Column 1 Column 2 Column 3 Column 4 Lower Range of Loss Upper Range c Midpoint of Claims Range Number of Losses Total Dollar Ar N/A Sum Loss Severity F) Midpoint of Claims Range Probability G)

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