Median
Practice Problem Set 2 – finding median losses
This post has two practice problems to find the median of a distribution that models insurance losses.
Practice Problem 2a 
Losses have a distribution with the following density function:
Calculate the median loss amount. 
Practice Problem 2b 
Losses are modeled by a distribution that is a mixture of two exponential distributions, one with mean 6 and the other with mean 12. The weight of each distribution is 50%. Calculate the median loss amount. 
Solutions
Problem 2a

Median
log is logarithm to base = 2.718281828…
Problem 2b

Median
log is logarithm to base = 2.718281828…
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2017 – Dan Ma
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