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c) Suppose that there is a 95% probability that operational risk losses of a certain type exceed 10 million ksh. Use the power law to

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c) Suppose that there is a 95% probability that operational risk losses of a certain type exceed 10 million ksh. Use the power law to estimate the 99.97% worst-case operational risk loss when the parameter equals i) 0.25, ii) 0.5, iii) 0.9 [6 marks)

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