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The probability density function (pf) for daily profits at LSUS Inc. can be described by the following piecewise function (see figure below). P= 1 24
The probability density function (pf) for daily profits at LSUS Inc. can be described by the following piecewise function (see figure below). P= 1 24 for -12 S T S 0 p = for 0 S T S +10 p 24 -12 0 +10 The one-day 05% ES for LSUS Inc is a loss of (Hint: You can use either an integral or the definition of ES to find the
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