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 a non-zero loss, determine the 25th percentile of [math]P^{-1}[/math].
- 800
- 1/800
- 250
- 1/250
- 1/1000