You are looking at new insurance in your area. You find a policy…

Question Answered step-by-step You are looking at new insurance in your area. You find a policy… You are looking at new insurance in your area.  You find a policy that is $75 a month.  The insurance company states that in a year there is a 32% probability of a $10,000 claim, a 21% probability of a $30,000 claim, a 17% probability of a $80,000 claim, and a 30% probability of no claim.  Find the expected value for the insurance company for the year for this policy.  show your work. Math Statistics and Probability MAT 143 Share QuestionEmailCopy link Comments (0)

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