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Q2. An insurance policy is purchased to cover a random loss subject to a deductible of 1000 TL. The cumulative distribution function of the loss

Q2. An insurance policy is purchased to cover a random loss subject to a deductible of 1000 TL. The cumulative distribution function of the loss amount X is: [2x10 pts] F(x) = 1 - e 2006 i. Find the expected loss for the insured. What is the loss elimination ratio for the insurer (company)

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