us)(You will need a spreadsheet for this question.) For an insurance coverage with a deductible of 500, you are given the following ground-up losses: 800, 1000, 1350, 1500, 2000, 2200, 3000, 5000, 8000, 12000, 18000, 30000 It is assumed that losses not higher than the deductible are not reported. Fit a gamma distribution to the ground-up loss distribution using maximum likelihood. Determine the estimates of a and 0.
us)(You will need a spreadsheet for this question.) For an insurance coverage with a deductible of 500, you are given the following ground-up losses: 800, 1000, 1350, 1500, 2000, 2200, 3000, 5000, 8000, 12000, 18000, 30000 It is assumed that losses not higher than the deductible are not reported. Fit a gamma distribution to the ground-up loss distribution using maximum likelihood. Determine the estimates of a and 0.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Question
7
 For an insurance coverage with a deductible of 500,
you are given the following ground-up losses:
800, 1000, 1350, 1500, 2000, 2200, 3000, 5000, 8000, 12000, 18000, 30000
It is assumed that losses not higher than the deductible are not reported.
Fit a gamma distribution to the ground-up loss distribution using maximum likelihood. Determine the
estimates of a and e.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb6f18835-c056-4755-89ae-babb0fe1a096%2F1cf6b8c1-246c-4ece-9742-a82c7f47de1e%2Fc3lunn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:s](You will need a spreadsheet for this question.) For an insurance coverage with a deductible of 500,
you are given the following ground-up losses:
800, 1000, 1350, 1500, 2000, 2200, 3000, 5000, 8000, 12000, 18000, 30000
It is assumed that losses not higher than the deductible are not reported.
Fit a gamma distribution to the ground-up loss distribution using maximum likelihood. Determine the
estimates of a and e.
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