cample The claim size of an insurance portfolio follows the Pareto distribution with mean and variance of 40 and 1800, respectively. Find a. The shape and scale parameters. b. The 95-th percentile of this distribution.

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Chapter1: Combinatorial Analysis
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Example 3.2.1.
distribution with mean and variance of 40 and 1800, respectively. Find
The claim size of an insurance portfolio follows the Pareto
a. The shape and scale parameters.
b. The 95-th percentile of this distribution.
Transcribed Image Text:Example 3.2.1. distribution with mean and variance of 40 and 1800, respectively. Find The claim size of an insurance portfolio follows the Pareto a. The shape and scale parameters. b. The 95-th percentile of this distribution.
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