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Clearly, it is not true that E[ ( aX + bY )^2 ] = E[ (aX)^2 + (bY)^2 ] where X and Y are independent random variables and a and b are constants....
A financial institution has issued a large number of 20-year policies. Under these policies: Premiums are payable annually in advance. A maturity...
On 1st November 1985, a man was in receipt of three annuities mentioned below: Annuity 1: INR 200 p.a. payable annually on 1st February each year,...