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For a sample of dental claims x, X2, ..., X0 • you are given: (i) Ex, = 3860 and E = 4,574,802 %3D (ii) Claims are assumed to follow a lognormal distribution with parameters µ and o . (iii) u and o are estimated using the method of moments. Calculate E[ X ^ 500] for the fitted distribution.

For a sample of dental claims x, X2, ..., X0 • you are given: (i) Ex, = 3860 and E = 4,574,802 %3D (ii) Claims are assumed to follow a lognormal distribution with parameters µ and o . (iii) u and o are estimated using the method of moments. Calculate E[ X ^ 500] for the fitted distribution.

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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6. For a sample of dental claims x,, X,, ..., X10, you are given: (i) Ex, = 3860 and x = 4,574,802 (ii) Claims are assumed to follow a lognormal distribution with parameters u and o . (iii) u and o are estimated using the method of moments. Calculate E[X^ 500] for the fitted distribution.
Transcribed Image Text:6. For a sample of dental claims x,, X,, ..., X10, you are given: (i) Ex, = 3860 and x = 4,574,802 (ii) Claims are assumed to follow a lognormal distribution with parameters u and o . (iii) u and o are estimated using the method of moments. Calculate E[X^ 500] for the fitted distribution.
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