Question: Hershey candy sends out 5 0 0 , 0 0 0 boxes of candy a month across their entire organization. The risk management department of

Hershey candy sends out 500,000 boxes of candy a month across their entire
organization. The risk management department of Hershey collects data and is
making projections on how many candy bars in a box are damaged. They are using
data on boxes sent out of their Claymont Delaware facility to make projections for
their entire company. The Claymont facility sends out 20,000 boxes a month and
we will use that to make projections over the entire company wide total boxes of
500,000 a month. Below represents the collected data we will use to make
projections. The data represents candy bars damaged per box each month at
Claymont
a. Calculate expected frequency of damaged candy bars per box per
month. (3 points)
Not 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 study
b. Calculate expected Severity of the damaged candy per box per month (3
points)
c. Calculate the expected value of loss per box per month (3 points)
d. Calculate the expected value of loss per box per month for the entire
Hershey organization (2 points)
 Hershey candy sends out 500,000 boxes of candy a month across

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