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An insurance policy is written to cover a loss X where X has density function 0, otherwise. The time (in hours) to process a claim
An insurance policy is written to cover a loss X where X has density function 0, otherwise. The time (in hours) to process a claim of size x, where 0 S x S 2 , is uniformly distributed on the interval from x to 2x. Calculate the probability that a randomly chosen claim on this policy is processed in three hours or more
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