Wednesday, June 24, 2015

Measurement of profit

Sir 

        If we the probability of highest clm payment from 1 lac to 1.5 lac to .1 and increased the probability of medium size of 25000 to 100000 to 0.4 adm cost 0.1 cost and probability of claim 0.2 and 0.1 otherwise by simulation we get profit +

  
lcd

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