6. The amount of a loss X follows the uniform distribution on [0, 100]. An insurance policy on this loss has an ordinary deductible of 10, a maximum amount paid of 50, and a coinsurance of 80%, which...


6. The amount of a loss X follows the uniform distribution on [0, 100]. An insurance policy<br>on this loss has an ordinary deductible of 10, a maximum amount paid of 50, and a<br>coinsurance of 80%, which is applied after the deductible. After losses are subject to<br>inflation of 10%, calculate the expected claim amount paid per loss on this policy.<br>

Extracted text: 6. The amount of a loss X follows the uniform distribution on [0, 100]. An insurance policy on this loss has an ordinary deductible of 10, a maximum amount paid of 50, and a coinsurance of 80%, which is applied after the deductible. After losses are subject to inflation of 10%, calculate the expected claim amount paid per loss on this policy.

Jun 11, 2022
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