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SAT, 18.10.2021 19:50 zack66828

letxbe the damage incurred (in $) in a certain type of accident during a givenyear. possiblexvalues are 0, 1000, 5000, and 10,000, with probabilities 0.8, 0.1,.08, and .02, respectively. a particular company offers a $500 deductible policy. ifthe company wishes its expected profit to be $100, what premium amount shouldit charge?

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letxbe the damage incurred (in $) in a certain type of accident during a givenyear. possiblexvalues...

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