Mathematics, 28.03.2020 20:57 shay8850
A flood insurance company sells policies for $700 per year. If a customer's house is flooded, they are given $250,000 for repairs. The insurance company has calculated the chances that a house is flooded to be 1/12,500 over the year. How much money can the insurance company expect to make with each policy sold?
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A flood insurance company sells policies for $700 per year. If a customer's house is flooded, they a...
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