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Business, 13.12.2021 23:20 phdlyss

All company sells an insurance policy that pays the policyholder $100,000 in the event that he or she has to quit a job because of serious injury or illness. The company's expected value is $50 per policy. Explain the meaning of the $50 in the context of this problem. What profit should the company expect to earn on selling 10 policies?

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