[R] Parameters of Beta distribution

[Karl Ove Hufthammer]

In article <5DF5755D-A376-439A-B7F2-9901441DB41B at comcast.net>, 
dwinsemius at comcast.net says...
> In insurance situation there is typically a cap on the covered losses  
> and there is also typically an amount below which it would not make  
> sense to offer a policy. So a minimum and a maximum are sensible  
> assumptions about loss distributions in may real modeling situations.
 
But a continuous distribution would then not be a reasonable 
distribution. More precisely, one would typically have a mixture of a 
continuous and a discrete distribution, with some point probability mass 
at the max.

-- 
Karl Ove Hufthammer