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The underlving loss distribution for an individual claim amount, X, that occurs this vear follows a Uniform distribution on the interval E] s X s
The underlving loss distribution for an individual claim amount, X, that occurs this vear follows a Uniform distribution on the interval E] s X s l. a. Calculate the expected loss amount for an individual claim i.e. find EEK]. b. Find the variance of the loss amount for an individual claim. c. A deductible of D is applied to each loss. Determine an expression, in terms of D, forthe Expected loss pavment after the deductible has been applied i.e. find EEKBL]. {Note: while Dis unknown, D satises D
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