Kindly simplify this question paper. The suggested solution does not show all the calculations.

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Calculate the maximum probable yearly (MPY) according to Chebyshev method by using the following formula.

Question 3 The management of Healthy Fish Ltd plans to purchase a logistics company. As a result, the due diligence team obtained the following loss data from the records of the target company. Expected number of Expected total claims cost per Expected probability of accidents event losses 25 R 100 900 0.15 35 R 130 203 0.25 20 R 150 304 0.2 15 R 170 212 0.15 0.1 R 180 386 12 0.15 R 200 560 10 a. (5 marks) Calculate the maximum probable yearly (MPY) according to the Chebyshev method by using the following formula: MPYC E(X) + ko(X). The k value obtained from a consultant was 1.17. (7 marks) = [Total 25 m b. Argue how you will use the MPL to negotiate insurance cover. indow Help 7 83,1% (X-u) (X-u) (X-u)?P(X) Expected number of accidents Expected probability of losses 25 35 20 15 12 10 Expected Expected total total claims claims cost per event R100,900.00 R2,522,500.00 R130,203.00 R4,557,105.00 R150,304.00 R3,006,080.00 R170,212.00 R2,553,180.00 R180,386.00 R2,164,632.00 R200,560.00 R2,005,600.00 0.15 0.25 0.2 0.15 0.1 0.15 R378,375.00 R1,139,276.25 R601,216.00 R382,977.00 R216,463.20 R300,840.00 R3,019,147.45 R496,647.45 R1,537,957.55 R13,067.45 R465,967.45 R854,515.45 -R1,013,547.45 246658689591.50 2365313425602.00 170758249.50 217125664459.50 730196654288.70 1027278433401.50 Var (0%) = 0= 36,998,803,439 591,328,356,401 34,151,650 32,568,849,669 73,019,665,429 154,091,765,010 888,041,591,597 R942,359.59 E(X) = UNISA 2021 17 RSK4803: ASSIGNMENT 06 2021 MPYc = E(X) + ko(X) R3,019,147 45+ (1.17 x R942,359.59) = R4,121,708.45 MPYG = R4,121,708.17