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Some dental insurance policies cover the insurer only up to a certain amount, sa...

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Some dental insurance policies cover the insurer only up to a certain amount, say, M. (This seems to us to be a dumb type of insurance policy because most people should want to protect themselves against large losses.) Say dental expense X is a random variable with pdf:

Find M so that: P(X < M) = 0.08. Present your result with two decimal values. 

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