Question: i only need a 3. Loss have a uniform distribution from 0 to 50,000 . There is a per loss deductible of 5,000 and a
i only need a
3. Loss have a uniform distribution from 0 to 50,000 . There is a per loss deductible of 5,000 and a policy limit of 20,000 (meaning that the maximum covered loss is 25, 000). (A) Express YL as a piecewise defined function. (2 marks) (B) Determine the expected payment E{YP given that a payment has been made.(2 marks)
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