Mathematics, 24.03.2021 21:20 rubincain698
An insurance policy sells for $750. Based on past data, an average of 1 in 80
policyholders will file a $10,000 claim, an average of 1 in 160 policyholders will file a $20,000 claim, and an average of 1 in 200 policyholders will file a $50,000 claim.
a. Find the expected value (to the company) per policy sold.
b. If the company sells 100,000 policies, find the expected profit or loss.
Answers: 3
Other questions on the subject: Mathematics
Mathematics, 21.06.2019 17:00, vandarughb2875
The perimeter of a stage is 116 feet. it is 17 feet wide. how long is it?
Answers: 1
Mathematics, 21.06.2019 17:10, sofiakeogh1487
If angle 2=3x +1 and angle 3=2x +4what is angle 2
Answers: 1
Mathematics, 21.06.2019 18:00, BeautyxQueen
John read the first 114 pages of a novel, which was 3 pages less than 1/3 of the novel. write an equation to determine the total number of pages (p)(p) in the novel.
Answers: 1
You know the right answer?
An insurance policy sells for $750. Based on past data, an average of 1 in 80
policyholders will fi...
Questions in other subjects:
History, 21.10.2020 06:01
Mathematics, 21.10.2020 06:01
Mathematics, 21.10.2020 06:01
Physics, 21.10.2020 06:01
