Question: Answer this question using RStudio application. FiSturlin Given that losses from a certain portfolio follow a PAretQ distribution with parameter a = 10 and A

Answer this question using RStudio application.

FiSturlin Given that losses from a certain portfolio follow a PAretQ distribution with parameter a = 10 and A = 2,500. i. Calculate the probability that a randomly chosen loss amount is less than half of mean amount. ii. Simulate a random sample of 100 values from this disribution, then find the frequency of loss amount less than half of mean amount

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