Based on the following distributions for frequency and severity,
(1) Calculate the probability of no loss;
(2) Calculate the probability of a total loss of 500;
(3) Calculate the probability of a total loss of 1,000;
(4) Calculate the probability of a total loss of 5,500.
(5) Determine the mean and standard deviation statistics for the frequency and severity distributions respectively.
(6) Calculate the mean and standard deviation of the aggregate loss distribution from your answers to question (5).
