Mathematics, 04.10.2021 18:30 iBrain
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 $48, what was a customers expected value of the cell phone insurance policy?
$9.36
$5.13
-$38.64
$9.36
Answers: 3
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Out of 5000 policies for cell phones, a company received 585 claims. The average amount paid on the...
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