X is a random variable for losses. X follows a beta distribution with ? = 1700, a = 4, b = 1.

Problem 1 X is a random variable for losses. X follows a beta distribution with 0 = 1700, a = 4, b = 1. Note that for a Beta distribution with parameters a, b and 0 the probability density function is: T(a+ b) f(x) = -, 0