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AAdmin
Jun 02'22

Exercise

The risk's claim frequency is uniform on {0,1} and the risk's claim severity is uniform on [0,1000]. Determine the expected value of the maximum for a random sample of two losses.

  1. 225
  2. 1250/3
  3. 1750/3
  4. 500
  5. 2000/3
AAdmin
Jun 02'22

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