You are given:L Losses in 2009 follow a Pareto distribution with parameters a3 and =900.I. From 2009 to 2010, the inflation was 296ii. From 2010 to 2011, the inflation was 3%.iv. From 2011 to 2012, the inflation was 5%.Calculate the percent increase in the expected number of claims exceeding a 10,000 policy limit between 2009 and 2012.A10%B.15%219%26631%

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Description: You are given:L Losses in 2009 follow a Pareto distribution with parameters a3 and =900.I. From 2009 to 2010, the inflation was 296ii. From 2010 to 2011, the inflation was 3%.iv. From 2011 to 2012, the inflation was 5%.Calculate the percent increase

Let X be a random variable which indicate the losses in 2009. Given, losses in 2009 follows a…

Math

Statistics

L. Losses in 2009 follow a Pareto distribution with parameters a 3 and 000. L. From 2009 to 2010, the inflation was 296. lil. From 2010 to 2011, the inflation was 39%. Iv. From 2011 to 2012, the inflation was 5%. Calculate the percent increase in the expected number of claims exceeding a 10,000 pol A 10%

L. Losses in 2009 follow a Pareto distribution with parameters a 3 and 000. L. From 2009 to 2010, the inflation was 296. lil. From 2010 to 2011, the inflation was 39%. Iv. From 2011 to 2012, the inflation was 5%. Calculate the percent increase in the expected number of claims exceeding a 10,000 pol A 10%

MATLAB: An Introduction with Applications

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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

You are given:
L Losses in 2009 follow a Pareto distribution with parameters a3 and =900.
I. From 2009 to 2010, the inflation was 296
ii. From 2010 to 2011, the inflation was 3%.
iv. From 2011 to 2012, the inflation was 5%.
Calculate the percent increase in the expected number of claims exceeding a 10,000 policy limit between 2009 and 2012.
A
10%
B.
15%
219%
266
31%

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