Question: workAssignment 6-Fall2020%20(1).pdf 2. Based on the information in PA station, Amazon has constructed the following table related to the dollar amount of losses for 48

workAssignment 6-Fall2020%20(1).pdf 2. Based on the information in PA station, Amazon has constructed the following table related to the dollar amount of losses for 48 reported accidents. Samount of losses # of accidents having this S amount of losses $800 $1,500 $3,200 30 12 6 a. b. Derive the probability distribution for severity based on this data. Be careful to label exactly what you are defining as the probability distribution. (2 points] Calculate the expected value of severity per truck in PA station. (2 points] Calculate the expected loss per truck in PA station. [2 points) I Calculate the expected loss for ALL trucks in PA station. [2 points] c. d. w workAssignment 6-Fall2020%20(1).pdf 2. Based on the information in PA station, Amazon has constructed the following table related to the dollar amount of losses for 48 reported accidents. Samount of losses # of accidents having this S amount of losses $800 $1,500 $3,200 30 12 6 a. b. Derive the probability distribution for severity based on this data. Be careful to label exactly what you are defining as the probability distribution. (2 points] Calculate the expected value of severity per truck in PA station. (2 points] Calculate the expected loss per truck in PA station. [2 points) I Calculate the expected loss for ALL trucks in PA station. [2 points] c. d. w

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 General Management Questions!

Based on the information in PA station , Amazon has constructed the following table related to the dollar amount of losses for 100 reported accidents . $ amount of losses # of accidents having this $...

2.) Based on the information in NJ station, Amazon has constructed the following table related to the dollar amount of losses for 80 reported accidents. $ amount of losses # of accidents having this...

Please just answer the question 5 and 6 for me. Thank you!!!! 3 is just the background information 3: Amazon owns trucks used for cargo shipment. In the course of their activities, Amazon sustains...

Documents. Note that Question 1 & 2 are related. 1. Amazon owns trucks used for cargo shipment. In the course of their activities, Amazon sustains losses in the form of property damages to their...

RMI 2101 Homework Assignment 6 Due Dates On-time Submission Be careful to follow the Guidelines for Homework Document & Directions for Turnitin on Canvas/Home/Course Documents. Amazon owns trucks...

answer all parts! Amazon owns trucks used for cargo shipment. In the course of their activities, Amazon sustains losses in the form of property damages to their trucks. Assume that Amazon owns a...

Amazon owns trucks used for cargo shipment. During their activities, Amazon sustains losses in the form of property damages to their trucks. Assume that the Amazon owns a truck station located in...

1. The Amazon.com, Inc. owns trucks used for cargo shipment. In the course of their activities, Amazon sustains losses in the form of property damages to their trucks. Assume that the Amazon owns a...

Risk Analysis and Management of Construction and Operations in Offshore Wind Power Project Abstract: Many countries have increased the use of renewable energy and strongly promoted offshore wind...

Enter data into the FSAP (Financial Statement Analysis Package) Excel File.Enter the balance sheet and income statement amounts for 2012 for Exxon Mobile. Document And Entity Information (USD $) 12...

In Figure R 1 = R 2 = 10.0?, and the ideal battery has emf ? = 12.0 V. (a) What value of R 3 maximizes the rate at which the battery supplies energy and (b) What is that maximum rate? Rs R2 ww ww

Former pro football star O. J. Simpson was accused of murdering his wife. In the trial, a defense attorney pointed out that although Simpson had been guilty of earlier spousal abuse, annually only...

The CFO must be able to manage the jurisdiction s finance under the following institutional constraints except for Tax and expenditures limits ( TELs ) Mandated expenditures Nondiscretionary...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...