Relative Frequency | Definition & Examples
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Claim frequency N has a Poisson distribution, and claim size X ... | Filo
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SOLVED:Aggregate losses follow a compound distribution. The claim frequency has mean 100 and standard deviation 25 . The claim severity has mean 20,000 and standard deviation 5,000. Determine the normal approximation of the probability that the aggregate loss exceeds 150 % of the expected loss.
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