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Business, 08.02.2021 23:20 laurentsupreme

An insurance company is trying to predict the expected cost per policy sold using data from the previous year... An average of 1 in 50 policyholders will file a $6000 claim. An average of 1 in 100 policyholders will file a $10,000 claim. An average of 1 in 250 policyholders will file a $35,000 claim. If the company sells each policy for $700, what is the expected profit per policy for the company next year

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An insurance company is trying to predict the expected cost per policy sold using data from the prev...
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