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Mathematics, 14.08.2021 04:30 lilpetals

An insurance company sells a homeowner's insurance policy that is $600 per year per policy. The insurance company predicts that the probability of having a home being damaged in the area it sells this policy is about 11,000. If the home is damaged, the insurance company expects to pay $400,000 to the homeowner. If the company were to sell 250 policies, how much money can it expect to gain or lose

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An insurance company sells a homeowner's insurance policy that is $600 per year per policy. The insu...
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