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Mathematics, 03.11.2020 16:40 valenzueladomipay09u

An automobile insurance company sells an insurance policy with an annual premium of $444. Based on claims data from the last decade, the company has calculated that 4% of the policy holders claim $2,000, 12% claim $1,200, and 20% claim $600. Will the company make money?

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An automobile insurance company sells an insurance policy with an annual premium of $444. Based on c...
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