S479 F09 Quiz 5

S479 F09 Quiz 5 - 2 The number of claims for dental...

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Stat 479 Fall 2009 Quiz 5 October 15, 2009 1. Claim frequencies are distributed as follows: N Probability 0 0.1 1 0.2 2 0.3 3 0.4 Claim severities are distributed as follows: X Probability 1 0.25 2 0.75 Calculate the Net Stop Loss Premium for an aggregate deductible of 4.5.

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Unformatted text preview: 2. The number of claims for dental insurance is distributed as a Poisson distribution. The amount of each individual claim is follows a gamma distribution with α = 2 and θ = 100. The Var[S] = 138,000. Calculate the expected value of the aggregate claims....
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This note was uploaded on 03/15/2012 for the course STAT 479 taught by Professor Na during the Spring '10 term at Purdue.

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S479 F09 Quiz 5 - 2 The number of claims for dental...

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