Problem 55A
The following is the joint density function of two random losses and .
An insurance policy is purchased to cover the total loss subject to a deductible of 2.
When the losses and occur, what is the expected benefit paid by this insurance policy?
Problem 55B
The following is the joint density function of two random losses and .
An insurance policy is purchased to cover the total loss subject to a deductible of 4.
When the losses and occur, what is the expected benefit paid by this insurance policy?
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Answers

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