Determine coeffcient of variation of severity distribution

Assignment Help Basic Statistics

Reference no: EM1387384

A standard for full credibility of 1,000 claims has been selected so that the actual pure premium will be within 10% of the expected pure premium 95% of the time. The number of claims has the Poisson distribution. Determine the coeffcient of variation of the severity distribution.

Reference no: EM1387384

Questions Cloud

Maintain the interview focus : Critically discuss some of the questions you might ask the elderly and others about the needed services? What kinds of behaviors do you expects to encounter and how can you maintain the interview focus in order to gain the information you need?

What are the magnitudes of the impulse : In a common but dangerous prank, a chair is pulled away as a person is moving downward to sit on it, causing the victim to land hard on the floor.

Explain how much of a price increase does payless need : Consider the scale on which Payless operates. Explain how much of a price increase does Payless need to achieve to make this venture?

Program application to check donation amount : Additionally, program application to check that donation amount and number of donations are positive numbers. If either donation amount or number of donations is not positive value.

Determine coeffcient of variation of severity distribution : A standard for full credibility of 1,000 claims has been selected so that the actual pure premium will be within 10% of the expected pure premium 95% of the time. The number of claims has the Poisson distribution. Determine the coeffcient of vari..

Explain how people need to recognize which there is a big : Explain how people need to recognize which there is a big difference among recording events like keystrokes and actually collecting, storing and transmitting this data to Carrier IQ.

From institution-based and resource-based views : From institution-based and resource-based views, identify the obstacles confronting MNEs from emerging economies interested in expanding overseas

How fast was the car travelling : A car drives straight off the edge of a cliff that is 64-m high. The police at the scene of the accident note that the point of impact is 110-m from the base of the cliff. How fast was the car travelling while it went over the cliff.

Discuss and define motor unit : Discuss and define motor unit and describe how motor units function in recruitment and in maintaining muscle tone. Explain the different types of skeletal muscle fibers.

User Account

All Pages