Part 1: Severity, Frequency, and Aggregate Loss
Lesson 1 Basic Probability
h( x )
f ( x)
d ln S ( x)
S ( x)
dx
1.
The hazard rate function
2.
The cumulative hazard rate function H ( x)
x
h(t )dt ln S ( x)
the n th raw moment of X is n E[ X n ] the n th