You are given the following information:
Individual loss size range (X) Number of Claims of Size X Total dollars of loss on those claims
$ 0 – 250 30 $ 3,500
251 – 500 15 5,500
501 – 1,000 5 3,000
Determine E[X ^ 250] using this empirical distribution.
可以麻烦解释一下吗? 谢谢!