Mathematics
Mathematics, 24.07.2021 22:30, BreBreDoeCCx

The table shows claims and their probabilities for an insurance company. a. Calculate the expected value.
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b. How much should the company charge as an average premium so that it breaks even on its claim​ costs?
​$_

c. How much should the company charge to make a profit of​ $50 per​ policy?
​$_


The table shows claims and their probabilities for an insurance company.

a. Calculate the expecte

answer
Answers: 3

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The table shows claims and their probabilities for an insurance company. a. Calculate the expected...

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