Question: explain me more once u have done please. two policies both have losses that follow a Pareto distribution with a = 2,0 - 2,000, Policy

explain me more once u have done please.

two policies both have losses that follow a Pareto distribution with a = 2,0 - 2,000, Policy A has no deductible and a limit of 3000. Policy B has no limit and a deductible of d. Find the deductible so that both policies have the same expected cost per loss

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

Prepare journal entries to record the following merchandising transactions of Cabela's, which uses the perpetual inventory system and the gross method. July 1 Purchased merchandise from Boden Company...

Losses for a line of insurance follow a Pareto distribution with 0 = 2000 and a = = 2. An insurer sells policies that pay 100% of each loss up to $5000. The next year the insurer changes the policy...

5. Losses for a line of insurance follow a Pareto distribution with 0 = 2000 and a = 2. An insurer sells policies that pay 100% of each loss up to $5000. The next year the insurer changes the policy...

uestion: 1. IN A STOCK ACQUISITION ACCOUNTED FOR BY THE EQUITY METHOD, A PORTION OF THE PURCHASE PRICE OFTEN IS ATTRIBUTABLE TO GOODWILL OR TO SPECIFIC ASSETS OR LIABILITIES. HOW OR UNDER WHAT BASIS...

Hi. I need Chapter 11 part 1-4 Let me know. Thanks! (it wont letme add more than $8, but I will give $12+ tip) Personal Finance, Fifth Edition by Jeff Madura BUILDING YOUR OWN FINANCIAL PLAN WORKBOOK...

I need Chapter 2 & 3 finished. Chapter 4 & 5, Chapter 6 & 7, & Chapter 8. Some of this is completed, but it isn't 100% finished. Let me know if you can get to it. Personal Finance, Fifth Edition by...

download in the attach file and work on...

Questions: Assume a period of time has passed. Can you Assess your communication/education plan. Has the plan been implemented as specified? Have the objectives of the plan been achieved? How have...

Dear Sir I Would like the answers of the documents i attach School of Business and Economics EXAM Course : Code : Date Time Location Risk Management EBC4056 : 3 June, 2010 : 9.00 - 12.00 : MECC...

Part 1 - Excel Sheet Prepare Ratios Ratios for National Beverage Corp. concerning liquidity, solvency, profitability, DuPont, and stock performance as of April 30, 2016 and prior statement...

Analyze the financial performance and financial condition of Palomar Health. ProviderecommendationstotheboardofdirectorsabouthowPalomarHealthcanachieveisstrategicobjectiveswithfinancialsuccess. APA,...

You are to enter up the sales, purchases, returns inwards, and returns outward day books from the following details, then to post the items to the relevant accounts in the sales and purchases...

The reaction C(s) + 2H, (g) = CH, (g) = 0.263 at 1000. K. Calculate he total pressure at equilibrium when 4.027 g of H, and 22.86 g of C) are placed in a 9.21 L flask and heated to 1000. K. has Kp...

14. If the intNum variable contains the number 500, what value will be in the variable after the selection structure in Figure 4-31 is processed? a. 0 b. 500 c. 1500 d. 2500

5% 4. (30) Consider the following table, which gives a security analyst's expected return on two stocks in two particular scenarios for the rate of return on the market: Market Return Aggressive...