age to a luxury sports car. The amount of damage is uniformly distributed between 80 and $83000. In order to decrease the insur- ance premium, the insurance company de- cides to charge an ordinary deductible, d, so that the expected insurance payment with the deductible is 81 % of the expected insurance payment without the deductible. Determine the value of the deductible, d. 1. $9545 2. $10375 3. $9130

MATLAB: An Introduction with Applications
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ISBN:9781119256830
Author:Amos Gilat
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An insurance policy is written to cover dam-
age to a luxury sports car. The amount of
damage is uniformly distributed between $0.
and $83000. In order to decrease the insur-
ance premium, the insurance company de-
cides to charge an ordinary deductible, d, so
that the expected insurance payment with the
deductible is 81 % of the expected insurance
payment without the deductible. Determine
the value of the deductible, d.
1. $9545
2. $10375
3. $9130
4. $8300
5. $9960
Transcribed Image Text:An insurance policy is written to cover dam- age to a luxury sports car. The amount of damage is uniformly distributed between $0. and $83000. In order to decrease the insur- ance premium, the insurance company de- cides to charge an ordinary deductible, d, so that the expected insurance payment with the deductible is 81 % of the expected insurance payment without the deductible. Determine the value of the deductible, d. 1. $9545 2. $10375 3. $9130 4. $8300 5. $9960
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