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SOA exam P question # 51

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  • SOA exam P question # 51

    Hello, I am having trouble understanding this problem: Can you explain how you got your answer...
    A manufacturer’s annual losses follow a distribution with density function
    f(x)= { 2.5(0.6)^(2.5) x>0.6
    {0 otherwise
    To cover its losses, the manufacturer purchases an insurance policy with an annual
    deductible of 2.
    What is the mean of the manufacturer’s annual losses not paid by the insurance policy?

  • #2
    Originally posted by franco3131 View Post
    Hello, I am having trouble understanding this problem: Can you explain how you got your answer...
    A manufacturer’s annual losses follow a distribution with density function
    f(x)= { 2.5(0.6)^(2.5) x>0.6
    {0 otherwise
    To cover its losses, the manufacturer purchases an insurance policy with an annual
    deductible of 2.
    What is the mean of the manufacturer’s annual losses not paid by the insurance policy?
    Have you read the SOA solutions?

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