CAS Exam MAS-I Fall 2019, Question 17
Study guide: Exam MAS-I
You are given the following information:
- An insurer has observed the following nine losses:
500,\ 600,\ 750,\ 880,\ 940,\ 1000,\ 1050,\ 1060,\ 1400- A uniform kernel function with bandwidth 75 is used to estimate the distribution of loss sizes
\hat{F}(Y)is the kernel-smoothed estimate of the cumulative distribution function
Calculate \hat{F}(1{,}000).
- A) Less than 0.55
- B) At least 0.55, but less than 0.60
- C) At least 0.60, but less than 0.65
- D) At least 0.65, but less than 0.70
- E) At least 0.70
Answer this question and see the worked solution