Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

sleung

  • 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?

  • This Question is Closed

    Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy