Given X is the random variable for the claims as follows: Quantity of Claims [0, 100], Frequency [22] Quantity of Claims [100, 500], Frequency [X] Quantity of Claims [500, 1000], Frequency [25] It's assumed that the quantities of claims have Uniform Distribution on intervals. If we know that \(E[X^{600}]=323\) Then what's the value of X?
Hi Please check the source of your problem. X as a random variable can not represent both claim sizes as well as claim frequencies !! Also you cannot ask someone to compute value of X when X is a random variable.
