Exam MAS-I Practice Question 40
Study guide: Exam MAS-I
The annual payment Y on a policy has the cumulative distribution function
F_Y(y) = \begin{cases}
0, & y < 0 \\
0.2 + 0.0005\,y, & 0 \le y < 1{,}000 \\
1, & y \ge 1{,}000
\end{cases}Calculate E[Y]. Give your answer as a whole number.
Answer this question and see the worked solution