Revision as of 17:47, 21 June 2025 by Admin
Jun 01'22
Exercise
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 $1,500.