
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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US STAST.
![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.](https://content.bartleby.com/qna-images/question/8f054b99-c1df-4a8c-888a-fe1414f7ffed/26212940-8429-4b39-8560-41e1c2ae24c3/71308ek_thumbnail.jpeg)
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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