. For an aggregate loss distribution S we have the following: N~BN(r = 16,ß = 6) X~U(0,8) N and X are independent. Jsing Normal and Lognormal approximation, calculate the prime such that the robability that S exceeds this is 5%. BY HAND Plot the approximations of F; and calculate the 99% VaR and TVAR. BY HAND

. For an aggregate loss distribution S we have the following: N~BN(r = 16,ß = 6) X~U(0,8) N and X are independent. Jsing Normal and Lognormal approximation, calculate the prime such that the robability that S exceeds this is 5%. BY HAND Plot the approximations of F; and calculate the 99% VaR and TVAR. BY HAND

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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6. For an aggregate loss distribution S we have the following:
•N~BN(r = 16. B = 6)
• X~U (0,8)
•N and X are independent.
Using Normal and Lognormal approximation, calculate the prime such that the
probability that S exceeds this is 5%. BY HAND
Plot the approximations of F; and calculate the 99% VaR and TVAR. BY HAND

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