Patent Claim Count
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Nov 17, 2024
patentlyo.com
SOLVED: Insurance company handles claims The following assumptions are made Claim Count. Claim count , N per period has Poisson distribution with the mean 5 claims per year Claim Severity: Individual severity values X =X; : i =1, 2 J are independent and identi- cally distributed with the density function 0.rf(r) 2000for>0 and f(r) = 0 elsewhere.Independence Variables NN and X are independent The total severity is a random sum defined asS = Xi. i=1Determine the expected value of S. that is
SOLVED: Insurance company handles claims The following assu…
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