Mathematics, 04.07.2020 17:01 joannasalazar450

Let X be the damage incurred (in $) in a certain type of accident during a given year. Possible X values are 0, 1000, 5000, and 10000 with probabilities .8 .1 .08 and .02 respectively. a particular company offers a $500 deductible policy. if the company wishes its expected profit to be $100 what preminum amount should it charge?

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