exercise:Dc22655ae6: Difference between revisions
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Determine the probability that losses exceed $ | Determine the probability that losses exceed $300. | ||
<ul class="mw-excansopts"> | |||
<li>0.064</li> | |||
<li>0.0878</li> | |||
<li>0.148</li> | |||
<li>0.296</li> | |||
<li>0.444</li> | |||
</ul> | |||
Latest revision as of 17:56, 21 June 2025
Losses for year 1 equal
[[math]]\frac{1500(1-X^{1/3})}{1 + X^{1/3}}[[/math]]
with [math]X[/math] a non-negative random variable bounded by 1 with cumulative distribution function
[[math]]
F(u) = u^2.
[[/math]]
Determine the probability that losses exceed $300.
- 0.064
- 0.0878
- 0.148
- 0.296
- 0.444