Mathematics, 01.12.2021 01:40 norefo4416
A car insurance company has 2500 policy holders. The expected claim paid to a policy holder during a year is $1000 with a standard deviation of $900. What premium should the company charge each policy holder to assure that with probability 0.999, the premium income will cover the cost of the claims
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A car insurance company has 2500 policy holders. The expected claim paid to a policy holder during a...
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