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An insurance company receives an average of 100 claims per month and each claim results in a payment (independently of the others) with probability 0.95. Let X be the number of payments and Y the number of claims submitted.

(a) Choose modeling distributions for Y and X|Y .

(b) Compute E(X) and Var(X).

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91013023

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