You are given: (i) Losses follow an exponential distribution with mean 0 . (ii) A random sample of losses is distributed as follows: Loss Range Number of Losses (0 – 100] 32 (100 – 200] 21 (200 – 400] 27 (400 – 750] 16 (750 – 1000] (1000 – 1500] Total 100 Estimate 0 by matching at the 80™ percentile. (A) 249 (B) 253 (C) 257 (D) 260 (E) 263

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
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Chapter1: Combinatorial Analysis
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You are given:
(i)
Losses follow an exponential distribution with mean 0 .
(ii)
A random sample of losses is distributed as follows:
Loss Range
Number of Losses
(0 – 100]
32
(100 – 200]
21
(200 – 400]
27
(400 – 750]
16
(750 – 1000]
2
(1000 – 1500]
Total
100
Estimate 0 by matching at the 80" percentile.
(A)
249
(В)
253
(C)
257
(D)
260
(E)
263
Transcribed Image Text:You are given: (i) Losses follow an exponential distribution with mean 0 . (ii) A random sample of losses is distributed as follows: Loss Range Number of Losses (0 – 100] 32 (100 – 200] 21 (200 – 400] 27 (400 – 750] 16 (750 – 1000] 2 (1000 – 1500] Total 100 Estimate 0 by matching at the 80" percentile. (A) 249 (В) 253 (C) 257 (D) 260 (E) 263
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