Question: explain to me in details concerning translated gamma approximation as related to individual risk model in risk theory and management. give me its conditions and
explain to me in details concerning translated gamma approximation as related to individual risk model in risk theory and management. give me its conditions and explaination on its parameters. also expalin how from a standard gamma distribution how can we obtain the mean, variance and standard variation, also when it is translated how can we obtain the mean, variance and standard variation. include also how to solve its various parameters such as alpha, beta and X note
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
