A homeowner insurance coverage is provided with a uniform loss distribution over the interval (0, 100,000)....

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A homeowner insurance coverage is provided with a uniform loss distribution over the interval (0, 100,000). Calculate the deductible amount D if the desired expected amount paid by the insurance company is 40,500. A homeowner insurance coverage is provided with a uniform loss distribution over the interval (0, 100,000). Calculate the deductible amount D if the desired expected amount paid by the insurance company is 40,500.

Answer rating: 100% (QA)

To find the deductible amount D we need to calculate the median of the uniform distrib... View the full answer