Answer:
Simplify the expression.
58
Step-by-step explanation:
X= -1 Y= 1
X= Negative 1 Y= Positive 1
The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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Answer:
a= 5
b=7
c=0
Step-by-step explanation:
i cant explain it but here yu go