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Student Solutions Manual to Accompany Loss Models: From Data to Decisions, Fourth Edition by Gordon E. Willmot, Harry H. Panjer, Stuart A. Klugman

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CHAPTER 14

CHAPTER 14

14.1   SECTION 14.7

14.1 (a) image

(b)

image

(c)

image

The reciprocal is (1 − q)q/(nm).

(d) image

(e)

image

and so

image

which implies

image

Then,

image

The boundaries of the CI are the roots of this quadratic:

image

14.2 Because image

image

The reciprocal matches the true variance of the mle.

14.3 (a) The mle is the sample mean, , and the CI is , or .

(b) The mle is the sample mean, 0.1001. The CI is

or (0.0936, 0.1066). ...

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