Question: Aggregate claims for a given individual policy are modelled as following a Pareto distribution with ? = 6. The first 5 years of experience on

Aggregate claims for a given individual policy are modelled as following a Pareto distribution with ? = 6. The first 5 years of experience on this policy are:

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Aggregate claims for a given individual policy are modelled as following a Pareto distribution with ? = 6. The first 5 years of experience on this policy are:(See Figure) (a) Estimate the EPV and...

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