Suppose the exchange rate between u.s. dollars and swiss francs is sf 1.41 = $1.00, and the exchange rate between the u.s. dolla
1 answer:
You might be interested in
Answer:
With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.
Explanation:
According to the given values in the question,
The expected value will be:
⇒
By putting all the given values, we get
⇒
⇒
⇒ ($)
As we can see that,
Thus the above is the correct answer.