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Mathematics, 01.04.2021 16:00 gabbym39077

An insurance policy covers losses incurred by a policyholder, subject to a deductible of 10,000. Incurred losses follow a normal distribution with mean 12,000 and standard deviation cc. The probability that a loss is less than kk is 0.9582, where kk is a constant. Given that the loss exceeds the deductible, there is a probability of 0.9500 that it is less than kk. Calculate cc.

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An insurance policy covers losses incurred by a policyholder, subject to a deductible of 10,000. Inc...

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