4) The Agnubrabrunksiwx Insurance Groupspecialises in home insurance. Its basic policy costs $ 1200 for a year and it pays out $100,000 in case of fire damage to a home. According to The Insurer's Almanac, the probability that a policy is paid out is 0.010288. What is the expected value for the TheAgnubrabrunksiwx Insurance Group ?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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4) The Agnubrabrunksiwx Insurance
Groupspecialises in home insurance. Its basic
policy costs $ 1200 for a year and it pays out
$100,000 in case of fire damage to a home.
According to The Insurer's Almanac, the
probability that a policy is paid out is
0.010288. What is the expected value for
the TheAgnubrabrunksiwx Insurance Group ?
wwww
Transcribed Image Text:4) The Agnubrabrunksiwx Insurance Groupspecialises in home insurance. Its basic policy costs $ 1200 for a year and it pays out $100,000 in case of fire damage to a home. According to The Insurer's Almanac, the probability that a policy is paid out is 0.010288. What is the expected value for the TheAgnubrabrunksiwx Insurance Group ? wwww
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