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Mathematics, 06.11.2019 04:31 ciara180
An insurance policy is written to cover a loss x where x has density functionf(x) = (3/ 8 )(x ^2) , for 0 ≤ x ≤ 2f(x) = 0, otherwisethe time (in hours) to process a claim of size x, where 0 ≤ x ≤ 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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An insurance policy is written to cover a loss x where x has density functionf(x) = (3/ 8 )(x ^2) ,...
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