An insurance company sells insurance policies with a deductible of 300. The company has determined that claim amounts fo

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An insurance company sells insurance policies with a deductible of 300. The company has determined that claim amounts fo

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An Insurance Company Sells Insurance Policies With A Deductible Of 300 The Company Has Determined That Claim Amounts Fo 1
An Insurance Company Sells Insurance Policies With A Deductible Of 300 The Company Has Determined That Claim Amounts Fo 1 (26.1 KiB) Viewed 116 times
An insurance company sells insurance policies with a deductible of 300. The company has determined that claim amounts follow an exponential distribution with mean 2000. In order to improve profitability, the company plans to impose a coinsurance factor of 80%. Calculate the amount by which expected payment will decrease as a result of this new change. A 263 B 296 с 344 D 396 E 427 SHOW SOLUTION
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