Question
Losses follow a Pareto distribution with parameters a = 2 and 0 = 1000. For a coverage with policy limit of 2000 and after
Losses follow a Pareto distribution with parameters a = 2 and 0 = 1000. For a coverage with policy limit of 2000 and after an inflation rate of 30%, calculate the after inflation expected cost.
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Probability And Statistics
Authors: Morris H. DeGroot, Mark J. Schervish
4th Edition
9579701075, 321500466, 978-0176861117, 176861114, 978-0134995472, 978-0321500465
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