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AAdmin
Jun 01'22

Exercise

Suppose the loss has a continuous cumulative distribution function [math]F(x)[/math] with the following values:

F(0) F(250) F(500) F(800) F(1000) F(1500) F(2000)
0.25 0.4375 0.5 0.75 0.8125 0.9 1

If [math]P[/math] denotes the payment, determine the 25th percentile of [math]P^{-1}[/math].

  1. 800
  2. 1/800
  3. 250
  4. 1/250
  5. 1/1000
AAdmin
Jun 01'22

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