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A company offers earthquake insurance. Annual premiums are modeled by an exponential random variable with mean 2. Annual claims are modeled by an exponential random

A company offers earthquake insurance. Annual premiums are modeled by an exponential random variable with mean 2. Annual claims are modeled by an exponential random variable with a mean if 1. Premiums and claims are independent. Le X denote the ratio of claims to premiums. What is P( X< 1)?

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