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If a company has an annual total loss distribution mean of $150,000, a standard deviation of $50,000, and a skewness coefficient of 2 and they
If a company has an annual total loss distribution mean of $150,000, a standard deviation of $50,000, and a skewness coefficient of 2 and they want to establish a loss reserve so they can be 94% confident that its actual losses can be met from this fund, what is the size of the required loss reserve using normal power approximation?
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