Question: Given that losses from a certain portfolio follow a PAreto distribution with parameter a = 10 and = 2,500. Calculate the probability that a

Given that losses from a certain portfolio follow a PAreto distribution with parameter a = 10 and = 2,500.

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

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