*PLEASE SHOW ALL WORK FOR COMPLETING THIS PROBLEM SO THAT I KNOW HOW TO DO IT IN FUTURE SITUATIONS*
From past information, XYZ has collected the following data for the # of building losses per year for their 80 buildings.
# of building losses per year # of buildings having these losses
A) derive the probability distribution for frequency based on the information above, and make sure your answer is labeled properly so that I know what it is, thank you.
B) Calculate the expected value of frequency for XYZ Company.
C) Calculate the Standard Deviation for XYZ Company.© BrainMass Inc. brainmass.com July 15, 2018, 3:30 pm ad1c9bdddf
Since there are 80 buildings in total, ?? = 10 (80 - 40 - 25 - 5)
The following is the distribution of looses.
# of building losses per year Probability
0 40/80 = 0.5
1 25/80 = ...
XYZ Company sample questions are examined in the solution. The expert expected value of frequency for XYZ Company is given.