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.

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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.
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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