Acasa insurance company offers two plans for home insurance. plan a has a $750 yearly premium with a $3,000 deductible. plan b has a $1,200 yearly premium with a $1,000 deductible. last year, 20% of all policyholders made damage claims. the average claim amount was $6,500.
the expected value per claim for every customer who chooses plan b is how much?
. the expected value per claim for every customer who chooses plan a is how much?
explain how to solve for it