АС SECTION B Instructions: Answer any THREE (3) questions from this section. Question 1 Johnson's botanical has recorded the following numbers of losses for the past 10 years. Year HIA losses $ 300 400 1 2 300 3 300 4 100 150 6 200 7 200 300 8 9. 300 а. Calculate the following: i. mean ii. median iii. mode iv. variance V. standard deviation vi. coefficient of variation b. Discuss the implications of standard deviation and the coefficient of variation.
АС SECTION B Instructions: Answer any THREE (3) questions from this section. Question 1 Johnson's botanical has recorded the following numbers of losses for the past 10 years. Year HIA losses $ 300 400 1 2 300 3 300 4 100 150 6 200 7 200 300 8 9. 300 а. Calculate the following: i. mean ii. median iii. mode iv. variance V. standard deviation vi. coefficient of variation b. Discuss the implications of standard deviation and the coefficient of variation.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Risk management and insurance
Expert Solution
Step 1
Given data:
X | Losses, f |
0 | 300 |
1 | 400 |
2 | 300 |
3 | 300 |
4 | 100 |
5 | 150 |
6 | 200 |
7 | 200 |
8 | 300 |
9 | 300 |
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