Mathematics, 17.11.2020 16:50, redsakura

An insurance company charges Ted E. Bear $1400 per year for insurance on his home. The company has predicted that there is a 10% chance that Ted will make a claim on the policy of $5000. Create a probability distribution and determine what the insurance company can expect to make on this policy, on average?

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An insurance company charges Ted E. Bear $1400 per year for insurance on his home. The company has p...