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Hi. I need help figuring out how to solve the following problem. Each stated characteristic is a sample estimate. The 95% confidence intervals are [.04
Hi. I need help figuring out how to solve the following problem. "Each stated characteristic is a sample estimate. The 95% confidence intervals are [.04 to .09] for PD, [$230,000 to $280,000] for EAD, and [.16 to .32] for LGD. What effect does this uncertainty have on the expected loss?" I know the formula is equals= PDxEADxLGDPDEADLGD. I just don't know the next step
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