The worksheet used to produce Figure 20.1 is on the author's website. How does the loss distribution
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The worksheet used to produce Figure 20.1 is on the author's website. How does the loss distribution change when the loss severity has a beta distribution with upper bound of five,
Figure 20.1
Transcribed Image Text:
0 1 2 3 4 5 6 7 8 9 10 Loss frequency Probability 0.25 0.2 0.15 0.1 0.05 0 2 3 Loss severity (SM) 0 0 2 4 6 8 10 12 Loss (SM) 4
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