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Question 1 A loss X is partially insured. The insurance policy has an ordinary deductible of 100. The insurance pays 1/2 of loss in excess of 100 up to a loss (not payment) amount of 1000. For a loss X above 1000, the insurance pays X-550. You are given the following limited expected values related to the loss variable X. E[X] = 2000 E[X A 900] = 725 E[X A 550] = 480 E[X A 450] = 400 H E[X A 100] = 98 E[X A 1000) = 790 Find the expected amount paid by the insurance when a loss occurs