The following table consists of 39 observations representing claims from an automobile collision coverage: Number of Claims Claim Range 0 < X < 200 30 200 < X < 400 6 X > 400 3 You wish to fit the distribution function Fx(x) = 1- e-8 to the observed claims. Calculate the Schwarz Bayesian Criterion (SBC) of the model.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
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The following table consists of 39 observations representing claims from an automobile collision coverage:
Claim Range
0< X <200
200 X 400
X > 400
Number of Claims
30
6
3
You wish to fit the distribution function Fx(x) = 1 - e-o to the observed claims.
Calculate the Schwarz Bayesian Criterion (SBC) of the model.
A
Transcribed Image Text:The following table consists of 39 observations representing claims from an automobile collision coverage: Claim Range 0< X <200 200 X 400 X > 400 Number of Claims 30 6 3 You wish to fit the distribution function Fx(x) = 1 - e-o to the observed claims. Calculate the Schwarz Bayesian Criterion (SBC) of the model. A
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