Some Simple Applications of the Normal and Log Normal
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چکیده
The motivation for writing this paper came from a realisation that of all the actuarial tools and techniques that I use in my professional life, there is only one where I find I have to dig out my original B3 (for such was the name of the General Insurance course at the time) study notes, to refresh my memory of the relevant formulae. In all other areas the relevant formula or technique can be derived quite easily from first principles.
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