Mathematics, 17.04.2020 15:48, csciahetano

An insurance company sells an auto insurance policy that covers losses incurred by a policyholder, subject to a deductible of 100. Losses incurred follow an exponential distribution with a mean of 300.
(a) Calculate the 95th percentile of actual losses that exceed the deductible. Give your answer rounded to the nearest whole number.

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An insurance company sells an auto insurance policy that covers losses incurred by a policyholder, s...