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Determine the ruin probability

Question:

Under otherwise the same assumptions and numerical parameters as made in exercise 3.35 (1),

(1) Determine the ruin probability if claims arrive according to an ordinary renewal process the typical cycle length of which has an Erlang distribution with parameters n = 2 and λ = 4,

(2) Determine the ruin probability if claims arrive according to the corresponding stationary renewal process.

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