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Carlo simulation methodology to estimate the firm's aggregate loss distribution. Which of the following loss frequency and loss severity distribution pairs is the most appropriate to use?
A
Binomial distribution for frequency, and Poisson distribution for severity.
B
Lognormal distribution for frequency, and Weibull distribution for severity.
C
Negative Binomial distribution for frequency, and Pareto distribution for severity.
D
Transformed Beta distribution for frequency, and Normal distribution for severity.
