Question: i stuck in this question please solve this question Problem 1 We have claims for 67,856 car insurances. There are 63,232 policy who have no

i stuck in this question please solve this question

Problem 1 We have claims for 67,856 car insurances. There are 63,232 policy who have no injuries and therefore zero in damages. The table presents, in addition to this, how many observations which are in the intervals 110000, 1000120000, etc. class 0 1- 10000 1000120000 20001-30000 30001-40000 40001-50000 50001-60000 freq 63232 4473 118 24 6 2 1 We also know that the mean and sample standard deviation for the nonzero damage amounts are 2014.4 and 3548.9, respectively. 3) Estimate the probabilities that a policy has a claim amount in the different intervals, given that the amount of damages is greater than zero

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

i stuck in this question please solve this question solve only Bpart ? Problem 1 We have claims for 67,856 car insurances. There are 63,232 policy who have no injuries and therefore zero in damages....

Question 1 Morality is Select one: A. Universal and basic to human relationships. B. Established by the common law. C. The system that protects property and people. D. The application of ethics to...

MATHEMATICIANS RISE TO A CHALLENGE ne of the theorems we teach in eighth grade is a + b= *, where c is the length of the hypotenuse of a right triangle in Euclidean space, and a and b are the lengths...

CLOSING ARGUMENTS A Closing Argument should: 1. Repeat your theory and theme of the case 2. Summarize the evidence that preceded it 3. Relate the evidence to the law and the legal issues (i.e....

Robert (Bob) S. and Sally D. Grove are husband and wife and live at 4112 Larkspur Lane, Denton, TX 76201. Bob is a retired petroleum engineer, and Sally is a portrait artist. 1. When he retired at...

Opening Statement for Defense The 1948 U.S. Presidential election was a hard fight for Harry Truman. No one thought he had a shot and the folks at the Chicago Daily Tribune didn't think so either. At...

CLOSING ARGUMENTS A Closing Argument should: 1. Repeat your theory and theme of the case 2. Summarize the evidence that preceded it 3. Relate the evidence to the law and the legal issues (i.e....

uantitative Analysis BA 452 Homework 3 Questions Homework 3 covers the theory and applications in Lessons I-6 and I-7. This document has four parts: Objectives of doing your homework. Assignment of...

Business Research MethodologyQuestion Bank 1 1. When the marketing department of an organization attempts to determine the amount of time the managers in this department spend at their computers in...

10. An experimenter has some degree of control over the: a. independent variable. b. correlative variable. c. history effect. d. All of the above, if the experiment is conducted properly. 11. If a...

A corporation plans to issue $10 million of 10-year bonds in 3 months. At current yields the bonds would have modified duration of 8 years. The T-note futures contract is selling at F0 = 100 and has...

Minnie Co. has an unfunded prepaid/accrued pension cost of $2,000 (debit balance) at December 31, 2010. The following information pertains to 2011: Pension expense??????????????????....$320,000...

17. Challenge: Who invented the computer mouse, in what year, and at what location?

D Question 40 1 pts The market's reaction to the announcement of a change in the firm's dividend payout is likely the O Information content effect. Clientele effect. Efficient markets hypothesis. MM...

7. Understand the challenges of multilingualism.

2. Foreigner Labels. Meet in small groups with other class members and generate a list of labels used to refer to people from other countries who come to the United Statesfor example, immigrants and...

5. Give examples of variations in contextual rules.