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Revision as of 08:37, 21 March 2026
On Main Street, a driver’s speed just before an accident is uniformly distributed on [5, 20]. Given the speed, the resulting loss from the accident is exponentially distributed with mean equal to three times the speed.
Calculate the variance of a loss due to an accident on Main Street.
- 525
- 1463
- 1575
- 1632
- 1744
Copyright 2023. The Society of Actuaries, Schaumburg, Illinois. Reproduced with permission.