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Mathematics, 10.11.2019 03:31, cherishofomah04
[4c-04] an insurance policy reimburses a loss with a deductible of 5. that is, if a loss is less than 5, policy will pay zero. if it is more than 5, then the policy will pay (loss - 5). the policyholder's loss, y, follows a distribution with density function: f(y) = 2y^-3 for 1 < y and 0 otherwise what is the expected value of the benefit paid under the insurance policy? (use 2 decimals)
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[4c-04] an insurance policy reimburses a loss with a deductible of 5. that is, if a loss is less tha...
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