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Vikentia [17]
3 years ago
9

In order to set premiums at profitable levels, insurance companies must estimate how much they will have to pay in claims on car

s of each make and model, based on the value of the car and how much damage it sustains in accidents. Let C be a random variable that represents the cost of a randomly selected car of one model to the insurance company. The probability distribution of C is given below.
C

$0

$500

$1000

$2000

P(C)

0.70

0.15

0.11

0.04

1. The expected value of C is =



2. The standard deviation of C is =
Mathematics
1 answer:
Alex73 [517]3 years ago
8 0

I hope someone sloves your problem :)

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