An insurance company experienced the following mobile home losses in 10,000’s of dollars for 50 catastrophic events:
1 2 2 3 3 4 4 5 5 5
5 6 7 7 9 9 9 10 11 12
22 24 28 29 31 33 36 38 38 38
39 41 48 49 53 55 74 82 117 134
192 207 224 225 236 280 301 308 351 527
(a) Using class boundaries 0.5, 5.5, 17.5, 38.5, 163.5, and
549.5, group these data into five classes.
(b) Construct a relative frequency histogram of the data.
(c) Describe the distribution of losses.