Ruth8186 Ruth8186

23-05-2023
Mathematics

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A ground up loss X has a deductible of 5 applied. A random sample of n = 8 insurance payments is given: 3, 4, 8, 10, 12, 18, 22, 35 Apply maximum likelihood estimation in each of the following cases. (a) Assuming that X has a U(0, ), estimate the mean of X. (b) Assuming that the cost per payment Yp has U(0, 0), estimate the mean of Yp.

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