You are given: i) Low-hazard risks have an exponential claim size distribution with mean 0. ii) Medium-hazard risks have an exponential claim size distribution with mean 20 . iii) High-hazard risks have an exponential claim size distribution with mean 30 . Civ) No claims from low-hazard risks are observed. v) Three claims from medium-hazard risks are observed, of sizes 1, 2 and 3. (vi) One claim from a high-hazard risk is observed, of size 15. Determine the maximum likelihood estimate of 0 .
You are given: i) Low-hazard risks have an exponential claim size distribution with mean 0. ii) Medium-hazard risks have an exponential claim size distribution with mean 20 . iii) High-hazard risks have an exponential claim size distribution with mean 30 . Civ) No claims from low-hazard risks are observed. v) Three claims from medium-hazard risks are observed, of sizes 1, 2 and 3. (vi) One claim from a high-hazard risk is observed, of size 15. Determine the maximum likelihood estimate of 0 .
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 22E
Related questions
Question
![(В)
Discrete uniform
(C)
Poisson
(D)
Binomial
(E)
Either Poisson or Binomial
You are given:
(i)
Low-hazard risks have an exponential claim size distribution with mean 0.
(ii)
Medium-hazard risks have an exponential claim size distribution with mean 20 .
(iii)
High-hazard risks have an exponential claim size distribution with mean 30 .
(iv)
No claims from low-hazard risks are observed.
(v)
Three claims from medium-hazard risks are observed, of sizes 1, 2 and 3.
(vi)
One claim from a high-hazard risk is observed, of size 15.
Determine the maximum likelihood estimate of 0.
(A)
1
(В)
2
(C)
(D)
4
(E)
You are given:
(i)
= pure premium calculated from partially credible data
X partial
(ii)
µ = E[
%3D
partial](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f054b99-c1df-4a8c-888a-fe1414f7ffed%2F2ebc348e-be99-42e5-aed4-84c72cdec82b%2F1u1z7y_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(В)
Discrete uniform
(C)
Poisson
(D)
Binomial
(E)
Either Poisson or Binomial
You are given:
(i)
Low-hazard risks have an exponential claim size distribution with mean 0.
(ii)
Medium-hazard risks have an exponential claim size distribution with mean 20 .
(iii)
High-hazard risks have an exponential claim size distribution with mean 30 .
(iv)
No claims from low-hazard risks are observed.
(v)
Three claims from medium-hazard risks are observed, of sizes 1, 2 and 3.
(vi)
One claim from a high-hazard risk is observed, of size 15.
Determine the maximum likelihood estimate of 0.
(A)
1
(В)
2
(C)
(D)
4
(E)
You are given:
(i)
= pure premium calculated from partially credible data
X partial
(ii)
µ = E[
%3D
partial
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