Find the expected value​ (to the​ company) per policy sold. If the company sells 30,000 ​policies, what is the expected profit or​ loss?

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Q: The table shows claims and their probabilities for an insurance company. Amount of Claim…

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Q: c) If an insurance policy cost £800.Based of past research i An average of 1 in 50 people will file…

A: a Expected value to the company per policy sold :…

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Q: Maddy waits tables and has determined that 12% of her tables leave her 12 percent tip, 30% of her…

A: x P(x) xP(x) 12 0.12 1.44 15 0.3 4.5 18 0.48 8.64 20 0.1 2 Total 1 16.58

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Q: (2) (0,8)" (0,2)³-* si x = 0,1, 2, 3 fx(x) = in another case

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Q: Derive the expected value of Y? 0, elsewh

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Q: The following information relate to the two: Projects A and B of Augustina’s Co.Ltd. State of the…

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Q: An insurance policy sells for $720. Based on past data, an average of 1 in 70 policyholders will…

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Q: A stock has normally distributed returns with expected return of 10% and volatility of 15%. What is…

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