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A loss is modeled by an exponential distribution. The insurance company sets a deductible of 11300. The probability that the reimbursement is less than 4000,

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A loss is modeled by an exponential distribution. The insurance company sets a deductible of 11300. The probability that the reimbursement is less than 4000, given that the loss exceeds the deductible, is 0.50. Calculate the probability that the reimbursement is greater than 2000 but less than 7000, given that the loss exceeds the deductible. (Hint: take a look at the proof on the top of page 5 from the Section 7 lecture note) A) 0.25 s) 0.32 C) 0.41 D) 0.5 E) 0.57

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