For a sample of dental claims x, X2, ..., X0 • you are given: (i) Ex, = 3860 and E = 4,574,802 %3D (ii) Claims are assumed to follow a lognormal distribution with parameters µ and o . (iii) u and o are estimated using the method of moments. Calculate E[ X ^ 500] for the fitted distribution.
For a sample of dental claims x, X2, ..., X0 • you are given: (i) Ex, = 3860 and E = 4,574,802 %3D (ii) Claims are assumed to follow a lognormal distribution with parameters µ and o . (iii) u and o are estimated using the method of moments. Calculate E[ X ^ 500] for the fitted distribution.
A First Course in Probability (10th Edition)
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ISBN:9780134753119
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For a sample of dental claims x,, X,, ..., X10, you are given:
(i)
Ex, = 3860 and x = 4,574,802
(ii)
Claims are assumed to follow a lognormal distribution with parameters u and o .
(iii)
u and o are estimated using the method of moments.
Calculate E[X^ 500] for the fitted distribution.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8f054b99-c1df-4a8c-888a-fe1414f7ffed%2F26212940-8429-4b39-8560-41e1c2ae24c3%2F71308ek_processed.jpeg&w=3840&q=75)
Transcribed Image Text:6.
For a sample of dental claims x,, X,, ..., X10, you are given:
(i)
Ex, = 3860 and x = 4,574,802
(ii)
Claims are assumed to follow a lognormal distribution with parameters u and o .
(iii)
u and o are estimated using the method of moments.
Calculate E[X^ 500] for the fitted distribution.
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