Mathematics, 30.07.2020 04:01 barboursj
Based on historical data, an insurance company estimates that a particular customer has a 2.6% likelihood of having an accident in the next year, with the average insurance payout being $1600. If the company charges this customer an annual premium of $110, what is the company's expected value of this insurance policy?
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Based on historical data, an insurance company estimates that a particular customer has a 2.6% likel...
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