Q.3115 The following are verified historical loss data for an international bank over a 10-year period (in billions of Euros)
[3.8, 2.9, 2.8, 2.8, 0.6, 0.4, 0.1, 0.2, 0.1, 0.2]

Determine the bank’s Internal Loss Multiplier as computed under the Standardized Measurement Approach (The bank’s Business Indicator Component is €18 billion)