Poisson distribution for the claims


An insurance company has 5000 policyholders who have had policies for at least 10 years. Over this period there have been a total of 12200 claims on these policies. Assuming a Poisson Distribution for the claims, what is x (or lambda), the average number of claims per policy per year?

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Basic Statistics: Poisson distribution for the claims
Reference No:- TGS0845168

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