You are given the following information: The underlying loss distribution function for a certain line of business is 2019 is: F(x) = 1 x 5 x > 1 From 2019 to 2020, 10% inflation impacts all claims uniformly. Determine the 2020 Loss Elimination Ratio for a deductible of 1.2.

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You are given the following information:
The underlying loss distribution function for a certain line of business is 2019
is:
F(x) = 1 x 5 x > 1
From 2019 to 2020, 10% inflation impacts all claims uniformly.
Determine the 2020 Loss Elimination Ratio for a deductible of 1.2.
●
Transcribed Image Text:You are given the following information: The underlying loss distribution function for a certain line of business is 2019 is: F(x) = 1 x 5 x > 1 From 2019 to 2020, 10% inflation impacts all claims uniformly. Determine the 2020 Loss Elimination Ratio for a deductible of 1.2. ●
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