Each occurence means that the liability limit of your policy doesn't have an accured limit. Every time you have an accident, the policy limits are available (i.e. each occurence).
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In math, it is important to know what the terms in a word problem mean. The term yearly refers to something that has an annual occurrence.
There was an occurrence of panic amongst the victims. An occurrence is like a happening. When something has occurred, there is an occurrence of that something.
The mean is the average value of the set. It is computed by adding all of the elements of the set, and then dividing that sum by the number of the items in the set.The median is the central, or middle, value in the set. It is computed by sorting the set and picking out the middle item or, if the number of items in the set is even, then by computing the mean of the middle two items.Not asked, but answered for completeness...The mode is the most probable value of the set. It is computed by plotting a distribution of the frequency of occurrence of each value in the set, and selecting the value, or values, with the highest occurrence in the set.
They are independent events.
In probability, the probability of the occurrence of event A or event B is the sum of their probabilities only if they are mutually exclusive; not otherwise. So, by itself, "or" does not mean anything.