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@Nicole Seaman @David Harper CFA FRM these questions are from FRM material provided from the GAARP institute. (Textbooks). Can you also tell me where can we get the solutions for all the Material question to confirm with my calculation and method and answer.

4. Your firm is testing a new quantitative strategy. The analyst who developed the strategy claims that there is a 55% probability that the strategy will generate positive returns on any given day. After 20 days the strategy has generated a profit only 10 times. What is the probability that the...

Assume a loss severity given by (x) can be characterized by a probability density function (pdf) on the domain [1, e^5]. For example, the minimum loss severity = $1 and the maximum possible loss severity = exp (5)~=$148.41. The pdf is given by f(x) = c/x as follows: f (x) = C/X s.t. 1 < x < e^5...