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1. (5 points) Ground-up losses have a uniform distribution on the interval (0,) Five losses are observed, each from policies with an ordinary deductible of
1. (5 points) Ground-up losses have a uniform distribution on the interval (0,) Five losses are observed, each from policies with an ordinary deductible of 4 per loss. Three losses are observed with values of 5,9 , and 13. The other two losses are each known to exceed 4+p. The maximum likelihood estimate of is 29 . Determine the value of p. 1. (5 points) Ground-up losses have a uniform distribution on the interval (0,) Five losses are observed, each from policies with an ordinary deductible of 4 per loss. Three losses are observed with values of 5,9 , and 13. The other two losses are each known to exceed 4+p. The maximum likelihood estimate of is 29 . Determine the value of p
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