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In 2016, losses follow the distribution F(x) = 1- 0.3 .e -0.00001x x 2 0 There was uniform inflation of 1.50% in 2017. Find the expected cost per loss cost per payment in 2017 for both a franchise and ordinary deductible of $3,000.

In 2016, losses follow the distribution F(x) = 1- 0.3 .e -0.00001x x 2 0 There was uniform inflation of 1.50% in 2017. Find the expected cost per loss cost per payment in 2017 for both a franchise and ordinary deductible of $3,000.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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In 2016, losses follow the distribution F(x) = 1– 0.3 · e-0.00001x x 2 0 There was uniform inflation of 1.50% in 2017. Find the expected cost per loss cost per payment in 2017 for both a franchise and ordinary deductible of $3,000.
Transcribed Image Text:In 2016, losses follow the distribution F(x) = 1– 0.3 · e-0.00001x x 2 0 There was uniform inflation of 1.50% in 2017. Find the expected cost per loss cost per payment in 2017 for both a franchise and ordinary deductible of $3,000.
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