Clint is modelling the monthly returns for shares in Stork Industrial using a Frchet distribution. He believes the return R follows a GEV(0.015)...

Clint is modelling the monthly returns for shares in Stork Industrial using a Fréchet distribution. He believes the return

Clint is modelling the monthly returns for shares in Stork Industrial using a Fréchet distribution. He believes the returnR follows a GEV(0.03,0.02,0.015) distribution. 3) Write down the CDF for this distribution, then state clearly what this function represents. b) Using part a) or otherwisel, calculate Pr(R > 10%). Show all steps of working.