exercise:A412453a8a: Difference between revisions
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If <math>S</math> is the annual loss, determine the variance of <math>S</math> | If <math>S</math> is the annual loss, determine the variance of <math>S</math> | ||
<ul class="mw-excansopts"> | |||
<li>8,000,000</li> | |||
<li>10,500,000</li> | |||
<li>11,000,000</li> | |||
<li>12,000,000</li> | |||
<li>13,000,000</li> | |||
</ul> | |||
Latest revision as of 01:28, 23 June 2025
You are given the following:
- Claim frequency and claim size are independent
- Monthly claim frequency is Poisson distributed with mean 3
- The claim size distribution is uniform on [0,1000]
If [math]S[/math] is the annual loss, determine the variance of [math]S[/math]
- 8,000,000
- 10,500,000
- 11,000,000
- 12,000,000
- 13,000,000