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Example 4.19 Assume a group-up loss rv X and a franchise deducible d. Given that - 15% of the losses are below the franchise deductible
Example 4.19 Assume a group-up loss rv X and a franchise deducible d. Given that - 15% of the losses are below the franchise deductible d, - the mean excess loss eX(d)=50, and - the expected amount paid per loss is 51 . Find the value of d
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