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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.

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.

MATLAB: An Introduction with Applications
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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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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