Mathematics, 16.12.2020 21:00, catdog5225

14. An insurance company charges $900 annually for auto policies for teenagers. The policy specifies that the company will pay $1500 for a minor accident and $8000 for a major
accident. If the probability of a teenager having a minor accident during a given year is .15,
and of having a major accident is .05, how much can the insurance company expect to make
on 10 policies?

Answers: 2

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14. An insurance company charges $900 annually for auto policies for teenagers. The policy specifie...