Discussion:
Q: 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
0 40
1 25
2 10
3 5
4 ??
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.