STA60704: The ith claim amount is denoted by. Claim amounts can be 100, 200, or 400: Probability Theory Assignment, TU, Malaysia
You are given the following information about a group of policies: (i) The ith claim amount is denoted by. Claim amounts can be 100, 200, or 400. (ii) The claim amount is dependent on the value of a risk parameter. (iii) is a random variable that takes the value with probability 0.25, with probability 0.2, … Read more