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14. (SOA 147] The amount of a claim that a car insurance company pays out follows an exponential distribution. By imposing a deductible of d,

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14. (SOA 147] The amount of a claim that a car insurance company pays out follows an exponential distribution. By imposing a deductible of d, the insurance company reduces the expected claim payment by 10%. Calculate the percentage reduction on the variance of the claim payment. A. 1% B.5% C. 10% D. 20% E. 25%

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