(a) μ (b) μ₂ (C) E (X³) A company insures homes in three cities, J, K, L. The losses occurring in these cities are indep
Posted: Mon Jul 11, 2022 11:37 am
company insures homes in three cities, J, K, L. The losses occurring in these cities are independent. The moment generating functions for the loss distributions of the cities are My(t) = (1-2t)-³, Mk (t) = (1-21)-2.5, M₁(t)= (1-21)-1.5 Let X represent the combined losses from the three cities. If Mx(t) = Mk(t)Mj(t) ML (t) = (1-21)-3-2.5-4.5 = (1-21)-10 Find
(a) μ (b) μ₂ (C) E (X³) A