Question: need fast the answer.... Loss severity follows a lognormal distribution with parameters u: 6 and O: 2. Each loss is subject to an ordinary deductible

need fast the answer....

Loss severity follows a lognormal distribution with parameters u: 6 and O: 2. Each loss is subject to an ordinary deductible of 2000. (a) Calculate the loss elimination ratio. (b) Calculate the probability that a loss exceeds the deductible if all losses are increased by 10%

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!

Define the role of marketing.

1..1.....All the question requires answer kindly, ,, Summarize your key points for the Body Shop International case. What were the results of any analysis and what were your key...

I need help working through this problem. Most of the work I have completed but I need help ensuring that my answers are correct before submitting the assignment. I have attached the problem...

Students in a representative sample of 6 9 second - year students selected from a large university in England participated in a study of academic procrastination. Each student in the sample completed...

Please Help me complete this partnership tax return. Attached are the problem and necessary forms, including Form 1065, 1125-A, K-1, 4562, 4797, 8825, 8949, and Schedule B-1 and D of the 1065. 1065...

Please help me with the following partnership income tax return project. Data and applicable forms are attached. Christy Albright and Dan Ralls formed the Charter Company on 11/30/2006, and chose a...

I could use some assistance on preparing an S Corporation Tax Return. The details are in the attached file. Acct 6113 S Corporation Due Date April 28, 2014 This problem is worth 100 points Prepare...

I need help with these practice problems first 3 page has the answers to answers to part 2 practice problems you need to answer the rest. Part 2 start on page 4. Thank you RMI 2101 Practice Problem...

Prepare the couple's federal income tax return, Form 1040 for the year ended December 31, 2021, plus any additional schedules necessary. $1040 Department of the Treasury -Internal Revenue Service...

Use the information presented to prepare a Form 1065 and Schedule D. Also prepare one Schedule K-1 (on form 1065) for Ms. Maine. ACCT 346 Spring 2014 Tax Return Case Study Part 2 -- Form 1065 During...

1. On January 1, 2007 A acquired a 20% shareholding in B at a cost of $40,000. On January 1, 2009, A acquired a further 40% shareholding in B at a cost of $150,000. At this time it was determined...

An investor is given the following information about the returns on two stocks: a. If he is most interested in maximizing his returns, which stock should he choose? b. If he is most interested in...

As the manager of a hospital, you are responsibile for distributing a limited budget among vasious departments. You must decide how much to allocate to new medical equipment, staff training and...

Consider the following relations for a mini world of credit). COMPANY. Answer all queries in the language asked for (alternate language gets no EMPLOYEE (FName, LName, SSN, Bdate, Address, Sex,...

The Treasury Manager of G.E. receives word that a payment in the amount of 50,000,000 to Hitachi will be due in June 2020, Hitachi requires the payment to be made in Japanese Yen (). The Treasury...

Complete the concept map by correctly adding the connecting phrases or terms provided to the appropriate locations. contains billions of orbits began to expand rapidly following the converts simple...

Top managers of Entertainment Plus are alarmed by their operating losses. They are considering dropping the DVD product line. Company accountants have prepared the following analysis to help make...

Determine if s1 = -0.755+2.05i lies on the root locus given that the open loop transfer function is ()=(+1)/(+2)(32+2+1) If so, what is the value of K for s1 to be the closed loop pole?

Case Study : Hanks Garage is a national car care chain that specializes in providing routine services like oil changes and safety inspections. It advertises nationally, particularly around Memorial...

5. How is communication affected by how we demarcate the boundaries of a problem?

7. How does the framing of a situation affect the situation regarding communica-tion?

1. To generate a discussion on the concept of roles