Actuarial Math  An insurance company is considering insuring a loss. The amount of the loss is uniformly distributed on the interval [0,1000]. The insurer considers two possible insurance policies. Policy 1 - The insurer applies a deductible of 100 to the loss, and if the loss is above 100, the insurer limits the payment to a maximum payment amount of 400. (u = 500) Policy 2 - If the loss is above 500 the insurer pays 500. If the loss is below 500, there is no deductible. Find the ratio of Expected insurance payment with Policy 1/ Expected insurance payment with Policy 2 .

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