Question 14. You are simulating losses from a catastrophe model. The model simulates no events in a year 40% probability, 1 event with 40% probability and 2 events with 20% probability. Independ it simulates a loss of 1 with 50% chance, 2 with 30% and 10 with 20%. a. What is the average frequency? (2 points) b. What is the variance of the annual number of losses? c. What is the average severity? d. What is the average annual loss? e. What is the probability of a loss of zero? How does it occur? f. What is the probability of a loss of two? How can it occur? g. What is the probability of a loss of 10? How can it occur