What is probability that aggregate claims equal to log ten

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Reference no: EM131001328

1. Suppose that the probability of n claims is 1/2n+1 and the probability is e^-2x that a given claim will be greater than x. What is the probability that the aggregate claims will be less than or equal to log (10)?

2. A policy will cover 75% of all losses in excess of 240 with the further provision that a maximum payment of 2700 will be made regardless of the loss. Express the amount paid on a claim with terms of the form X ∧ d, where X is the actual loss.

Reference no: EM131001328

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