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1.(25) Suppose claim amount for an insurance company follows a discrete distribution k P 100 0.02 90 0.02 80 0.04 50 0.12 0 0.8 Find
1.(25) Suppose claim amount for an insurance company follows a discrete distribution k P 100 0.02 90 0.02 80 0.04 50 0.12 0 0.8 Find the cash values which company should hold to be able to cover claims completely with 95% 98% and 99% confidence levels
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