Business, 19.12.2019 20:31 vanvalenpeyt

An insurance policy sells for $600. based on past data, an average of 1 in 100 policyholders will file a $20 comma 000 claim, an average of 1 in 200 policyholders will file a $30 comma 000 claim, and an average of 1 in 400 policyholders will file an $80 comma 000 claim. find the expected value (to the company) per policy sold. if the company sells 10 comma 000 policies, what is the expected profit or loss?

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An insurance policy sells for $600. based on past data, an average of 1 in 100 policyholders will fi...

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