Total aggregate claims S = X1 + +XN are modeled by a compound 122 RISK THEORY
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Question:
Total aggregate claims S = X1 +· · ·+XN are modeled by a compound 122 RISK THEORY binomial distribution where N B(4, q = 1/2) and P(X = j) / j for j = 1, 2, 3, 4, 5. Determine the mean, variance, skewness of S and find the exact probability distribution for S using Panjer’s recursive formula.
Related Book For
Probability and Statistics
ISBN: 978-0321500465
4th edition
Authors: Morris H. DeGroot, Mark J. Schervish
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