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4. You are given the following: (i) Losses follow a uniform distribution on the interval from 0 to 50,000. (ii) The maximum covered loss is

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4. You are given the following: (i) Losses follow a uniform distribution on the interval from 0 to 50,000. (ii) The maximum covered loss is 25,000 (iii) There is a deductible of 5,000 per loss. (iv) The insurer makes a nonzero payment P. Determine the expected value of P

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