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Losses are a 2-point mixture. 30% of the time, losses come from a Pareto A 1.50 distribution with a = 3 and 0 = 10,
Losses are a 2-point mixture. 30% of the time, losses come from a Pareto A 1.50 distribution with a = 3 and 0 = 10, and 70% of the time losses come from a Pareto distribution with a = 6 and 0 = 10. What is the median loss amount? B 1.53 C 1.57 D 1.60 E 1.64
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