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Unformatted text preview: Using the normal approximation, estimate the probability that total claims will exceed 2.7 million. 2. Cancer claims follow an exponential distribution with parameter θ . VaR 0.75 (X) = 170.5142 Calculate k so that the standard deviation principle is equal to TVaR 0.75 (X)....
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 Spring '10
 NA
 Normal Distribution, Variance, Probability theory, Scale parameter, standard deviation principle, point mixture distribution

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