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Assume that losses from policyholders A, B and C are independent and exponentially distributed. The expected loss amount for policyholders A, B and C are
Assume that losses from policyholders A, B and C are independent and exponentially distributed. The expected loss amount for policyholders A, B and C are 325, 415 and 725, respectively. What is the probability that the maximum loss from the three policyholders will exceed 900? Possible Answers 0.002
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