An insurer offers a coverage with a policy limit of 1500. The following four claims are observed on this coverage: 600 749 804 1250 It is also known that there are two additional claims for an amount over 1500 that are censored at 1500. An actuary models ground-up losses using an exponential distribution with parameter e = 1000. This model is tested against the experience using the Anderson-Darling A2 statistic. Calculate A2 and provide a conclusion about the acceptance-rejection level of the null hypothesis.

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A: Since here we have two variables p and q, they can take values True (T) and False (F) each.  So, the…

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Q: (p) | (2) dz =.

A: From x=3 to x=5, there is a triangle with base= 2 and height = -3  So the area of the triangle is:…

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A: Sol:-We need to use Bayes' theorem to calculate this probability.  Let A be the event that Stage 3…

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Q: The table shows the movement of a stock for 30 randomly selected trading days. "Up" means the stock…

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