Question: Risk Measurement. Need to find average frequency, average severity per claim and average severity per year. Respond ASAP, if possible. Claims and fire losses for

Risk Measurement. Need to find average frequency, average severity per claim and average severity per year. Respond ASAP, if possible.

Risk Measurement. Need to find average frequency, average severity per claim and

Claims and fire losses for homes in location A Year Number of fireAmount of fire losses Average loss per claims $16,500 40,000 30,000 123,000 105,000 $314,500 claim $1,500 4,444.44 4,285.71 12,300 7,500 4 51 Total Average frequency Average severity per claim Average severity per year

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