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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<u>Answer:</u>
4.5 foot is needed for a unit dozen bird house
<u>Explanation:</u>
Given Tina saw ¾ foot of wooden trim is being used for first 1/6 dozen bird houses
Therefore, we can write as,4
1/6 dozen = ¾ foot
For 1 dozen bird houses, we have to use the unitary method
1/6 dozen = ¾ foot
Therefore, 1 dozen or unit dozen = 
1 dozen = ¾ * 6 = 
foot = 4.5 foot
Therefore, 4.5 foot is needed for a unit dozen bird house
They all 3 have no solution!
Answer:it is c
Step-by-step explanation:
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