Assume that losses X follow a uniform distribution over (0,10), X U(0, 10), such that E(X) = 5. Then the loss elimination ratio (LER) assuming a limited policy with u=5 is equal to: O a.70% O b. 84% c. 75% O d. 91% Clear my choice
Assume that losses X follow a uniform distribution over (0,10), X U(0, 10), such that E(X) = 5. Then the loss elimination ratio (LER) assuming a limited policy with u=5 is equal to: O a.70% O b. 84% c. 75% O d. 91% Clear my choice
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:Assume that losses X follow a uniform distribution over (0,10), X U(0, 10), such that
E(X) = 5. Then the loss elimination ratio (LER) assuming a limited policy with u=5 is equal to:
O a. 70%
O b. 84%
c. 75%
O d. 91%
Clear my choice
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