Question

Claims arrive to an insurance company according to a Poisson Process. The average number of claims...

Claims arrive to an insurance company according to a Poisson Process. The average number of claims reported each year is 120. Claim severities are independent and follow an Exponential distribution with an average of 160 TL. What is the expected value of total amount of claim severities in a month? ONLY ANSWER PLEASE QUICKKK

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