The probability density function (pdf) for daily profits at Rectangle Inc. can be described by the following piecewise function (see figure below),

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The probability density function (pdf) for daily profits at Rectangle Inc. can be described by the following piecewise function (see figure below),

 

                        A picture containing chart Description automatically generated

                        a) What is the one-day 95% VaR for Rectangle Inc.?

                         

                        b) What is the one-day 95% ES for Rectangle Inc.?

 

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