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  1. #1
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    Help




    Hi all,

    I am in dire need of help as I have an assignment which is due next week which I am really struggling with and would appreciate any help I can get.

    We are provided with data (refer attached file) representing insurance claims for an organisation over the past nine years. I have to use this data to answer and justify the following questions:

    1) Are there any significant trends in the data over time?

    2) Plot the data for the size of the losses in 2001 in the form of a frequency distribution and a cumulative distribution. Comment on the descriptive statistics and the shape of the frequency distribution obtained.

    3) From the data, what is the probability in any year that a loss will be less than $10,000?

    4) If the insurance company was offering to reduce your premium by $450,000 per year if you were to take a deductible of $10,000 (ie, pay the first $10,000 of any claim) would you accept this offer? Give your reasons for accepting/not accepting.


    Cheers
    Gizmo
    Attached Files

  2. #2
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    Welcome Gizmo, I came a across a homework help website the other day. http://www.greattutors.com I think they can help you with your assignment.

  3. #3
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    Thanks quark!

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