For a general insurance policy, the size of each loss, X, follows a Weibull distribution with parameters and 0 = 100. The value of T is 0.25 (high risk), 0.5 (medium risk) or 1 (low risk) with equal probabilities. Calculate the standard deviation of X.

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For a general insurance policy, the size of each loss, X, follows a Weibull distribution with parameters T and
0 = 100.
The value of 7 is 0.25 (high risk), 0.5 (medium risk) or 1 (low risk) with equal probabilities.
Calculate the standard deviation of X.
Possible Answers
A
7600
B
8600
C
9600
D
10600
E
11600
Transcribed Image Text:Question For a general insurance policy, the size of each loss, X, follows a Weibull distribution with parameters T and 0 = 100. The value of 7 is 0.25 (high risk), 0.5 (medium risk) or 1 (low risk) with equal probabilities. Calculate the standard deviation of X. Possible Answers A 7600 B 8600 C 9600 D 10600 E 11600
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