ParetoCappedMean {NetSimR}R Documentation

Pareto capped mean

Description

Pareto capped mean

Usage

ParetoCappedMean(cap, scale, shape)

Arguments

cap

A positive real number - the claim severity cap.

scale

A positive real number - the scale parameter of the Claim Severity's Pareto distribution.

shape

A positive real number - the shape parameter of the Claim Severity's Pareto distribution.

Value

The mean of the claim severity capped at cap with a Pareto distribution with parameters scale and shape.

Examples

ParetoCappedMean(600,200,1.2)
ParetoCappedMean(800,100,1)
ParetoCappedMean(1000,500,0.8)

[Package NetSimR version 0.1.5 Index]