Mathematics, 02.10.2021 03:40 icantspeakengles

Out of 5000 policies for cell phones, a company received 585 claims. The average amount paid on the claims was $80. If the annual cost of the policy was 548, what was a customers expected value of the cell phone insurance policy?
-$38.64
-$9.36

$9.36
$5.13

Answers: 2

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Out of 5000 policies for cell phones, a company received 585 claims. The average amount paid on the claims was $80. If the annual cost of the policy was 548, what was a customers expected value of the cell phone insurance policy? -$38.64 -$9.36 $9.36 $5.13

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Other questions on the subject: Mathematics

Questions in other subjects:

Out of 5000 policies for cell phones, a company received 585 claims. The average amount paid on the claims was $80. If the annual cost of the policy was 548, what was a customers expected value of the cell phone insurance policy?
-$38.64
-$9.36

$9.36
$5.13