Exam P Practice Question 964
Study guide: Exam P-1
The number of claims N filed by a randomly chosen policyholder is Poisson with mean \Lambda, where the risk parameter \Lambda varies across the portfolio according to a uniform distribution on (0, 4).
Calculate \text{Var}(N).
- A)
2.00 - B)
2.67 - C)
3.33 - D)
4.00 - E)
5.33
Answer this question and see the worked solution
Concepts tested
- Variance for Conditional and Marginal Distributions
- Poisson Distribution
- Uniform Continuous Distribution