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For 2003, loss sizes follow a uniform distribution with f(x) = 1 / 2500, 0 <...

For 2003, loss sizes follow a uniform distribution with f(x) = 1 / 2500, 0 < x < 2500. Inflation of 3% impacts all losses uniformly from 2003 to 2004. In 2004 a deductible of 100 is applied to all losses. Determine the expected value of the claim payment in 2004 in the event that a loss is incurred. (Solve without integration. Ans 1189.44)

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