Q35Section B (Section B)35 of 60
Distribution of capped insurance payout
A university bears the yearly medical expenses of each of its employees up to a maximum of Rs. 1000. If the yearly medical expenses of an employee exceed Rs. 1000, then the employee gets the excess amount from an insurance policy up to a maximum of Rs. 500. If the yearly medical expenses of a randomly selected employee has distribution and denotes the amount the employee gets from the insurance policy, then which of the following statements is/are true?
Multiple select: one or more options are correct. Select all of them, then submit — marks need the exact set.
Select every correct option, then submit.