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
Learn more here:
brainly.com/question/19819099
Answer:
What's the question? If it's how much do each have each of the volunteers have 33 flyers.
X+2y=12
X+2y=12-12
X+2y-12=0
Answer:
y = 3x/2
Step-by-step explanation: