Question: Hershey candy sends out 5 0 0 , 0 0 0 boxes of candy a month across their entireorganization. The risk management department of Hershey
Hershey candy sends out boxes of candy a month across their entireorganization. The risk management department of Hershey collects data and ismaking projections on how many candy bars in a box are damaged. They are usingdata on boxes sent out of their Claymont Delaware facility to make projections fortheir entire company. The Claymont facility sends out boxes a month andwe will use that to make projections over the entire company wide total boxes of a month. Below represents the collected data we will use to makeprojections. The data represents candy bars damaged per box each month atClaymont# of candy bars damaged# of boxes that have thatloss amounta Calculate expected frequency of damaged candy bars per box permonth. pointsNot all boxes of candy have the same price the value of the candy varies.Below is information collected on the values of the damaged candy in the studyCandy Value# of boxes having theselosses$$$$$b Calculate expected Severity of the damaged candy per box per month pointsc Calculate the expected value of loss per box per month points
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