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Mathematics, 31.03.2020 01:34 kkkhomewirk
Claim amounts for wind damage to insured homes are independent random variables with common density function f(x) = 3x −4 for x > 1, and f(x) = 0 otherwise, where x is the amount of a claim in thousands. Suppose 3 such claims are made. What is the expected value of the largest of the three claims?
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