Deductible per loss and limited to maximum payment per loss


Individual loss amounts (ground up) this year follow an inverse Weibull distribution with  τ= 3 and expected value 1000. Next year you con?fidently expect loss amounts to in?ate by 10% uniformly across the board.What will be the standard deviation next year for payment amounts that are subject to a 200 deductible per loss and limited to a maximum payment of 2000 per loss? Please answer for the ?per loss ?variable, not the per payment?variable.

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Basic Statistics: Deductible per loss and limited to maximum payment per loss
Reference No:- TGS0104935

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