An insurance policy is written to cover a loss, X, where X has a uniform distribution on

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An insurance policy is written to cover a loss, X, where X has a uniform distribution on 30, 10004. At what level must a deductible be set in order for the expected payment to be 25% of what it would be with no deductible? Choose one of the following.

(a) 250 

(b) 375 

(c) 500 

(d) 625 

(e) 750

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