Mathematics, 03.12.2021 18:30 vazquezemmy8

A company sells trip insurance to people going on a vacation. The charge is $75 for a trip. The company estimates that the probability of a successful claim being filed is 4.2% and this leads to an average payout of $560. What is their expectation for each policy sold

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A company sells trip insurance to people going on a vacation. The charge is $75 for a trip. The comp...

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