A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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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.
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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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