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anonymous
 2 years ago
Insurance losses L in a given year have a lognormal distribution with L=e^X, where X is a normal random variable with mean 3.9 and standard deviation 0.8. If a $100 deductible and a $50 benefit are imposed, what is the probability the insurance company will pay the benefit limit given that a loss exceeds the deductible?
anonymous
 2 years ago
Insurance losses L in a given year have a lognormal distribution with L=e^X, where X is a normal random variable with mean 3.9 and standard deviation 0.8. If a $100 deductible and a $50 benefit are imposed, what is the probability the insurance company will pay the benefit limit given that a loss exceeds the deductible?

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