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(Solved): 4. (10 Points) Claim Sizes Range Between 0 And 1500. The Probability That A Claim Is No Greater Than...


4. (10 points) Claim sizes range between 0 and 1500. The probability that a claim is no greater than 500 is 0.8. Claim sizes

4. (10 points) Claim sizes range between 0 and 1500. The probability that a claim is no greater than 500 is 0.8. Claim sizes are uniformly distributed on (0;500) and on (500; 1500). Calculate the expected claim sizes and its variance.


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