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Thread: Help on Data averages and sampling

  1. 06-21-2012 07:59 AM #1
    underwriter
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    Post Help on Data averages and sampling



    Hi
    I am trying to calculate insurance premiums for a list of 49 client on same formula.
    The formula is not available in EXCEL and hence I can not use EXCEL to do it quick. I have to do it on the application.

    I am just afraid that taking random samples from the data will result in misleading average premium.

    How can I possibly use some statistical technique to safely arrive at average premium for my 49 data values.

    Thanks
    UW
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