Mathematics, 01.12.2021 02:10 keilahsalmon
The number of claims in one year has a geometric distribution with mean 1.5. Each claim has a loss of 100. An insurance pays zero for the first three claims in one year and then pays 100 for each subsequent claim. Determine the expected insurance payment per year.
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The number of claims in one year has a geometric distribution with mean 1.5. Each claim has a loss o...
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