You are given: (i) Losses follow an exponential distribution with mean 0. (ii) A random sample of losses is distributed as follows: Loss Range Number of Losses (0 – 100] 32 (100 – 200] 21 (200 – 400] 27 (400 – 750] 16 (750 – 1000] (1000 – 1500] 2 Total 100 Estimate 0 by matching at the 80th percentile. (A) 249 (B) 253 (C) 257 (D) 260 (E) 263
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![You are given:
(1)
Losses follow an exponential distribution with mean 0.
(ii)
A random sample of losses is distributed as follows:
Loss Range
Number of Losses
(0 – 100]
32
(100 – 200]
21
(200 – 400]
27
(400 – 750]
16
(750 – 1000]
2
(1000 – 1500]
2
Total
100
Estimate 0 by matching at the 80th percentile.
(A)
249
(В)
253
(C)
257
(D)
260
(E)
263](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F89ebfded-dfc1-4360-8b43-3ed22c1897b2%2Fc902c8d9-c79a-41fd-bc0a-f7fd6a66f6e4%2Fy0kthr8_processed.jpeg&w=3840&q=75)
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