Question
You are given: (i) Loss sizes X follows a two-parameter Pareto distribution. (ii) Payment per payment for an insurance without a deductible is 800. (iii)
You are given: (i) Loss sizes X follows a two-parameter Pareto distribution. (ii) Payment per payment for an insurance without a deductible is 800. (iii) Payment per payment for an insurance with a deductible of 500 is 1100. Calculate payment per loss for an insurance with a deductible of 1000.
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
