Let X and Y be random losses with joint density function fx,y (r, y) = 2x for 0 < z <1 and 0 < y< 1. An insurance policy is written to cover the loss X+Y. The policy has a deductible of 1. Calculate the expected payment under the policy. Possible Answers 1/4 B 1/3 C 1/2 7/12

MATLAB: An Introduction with Applications
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Let X and Y be random losses with joint density function fx.y (2, y) = 2x for 0 < I <1 and 0 < y<1. An insurance policy is written
to cover the loss X+Y. The policy has a deductible of 1. Calculate the expected payment under the policy.
Possible Answers
A
1/4
B
1/3
C
1/2
D
7/12
Е 5/6
Transcribed Image Text:Let X and Y be random losses with joint density function fx.y (2, y) = 2x for 0 < I <1 and 0 < y<1. An insurance policy is written to cover the loss X+Y. The policy has a deductible of 1. Calculate the expected payment under the policy. Possible Answers A 1/4 B 1/3 C 1/2 D 7/12 Е 5/6
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