3. The total claim amount for a health insurance policy follows a distribution with density function f(x) = deductible of $200. Find the mean andthe standard deviation of the amount the insurance pays per claim. et/1500 for T > 0. The insurance has a 1500 %3D

MATLAB: An Introduction with Applications
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3. The total claim amount for a health insurance policy follows a distribution
with density function f(x) = Ton e/1500 for r > 0. The insurance has a
deductible of $200. Find the mean andthe standard deviation of the amount
the insurance pays per claim.
1500
Transcribed Image Text:3. The total claim amount for a health insurance policy follows a distribution with density function f(x) = Ton e/1500 for r > 0. The insurance has a deductible of $200. Find the mean andthe standard deviation of the amount the insurance pays per claim. 1500
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