An airline sells traveler's insurance for its flights. The a 1 6100 for the airline? Round final answer to the nearest penny need to file a claim is If the insurance costs $38 Number

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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An airline sells traveler's insurance for its flights. The airline determined that the probability that someone would
need to file a claim is
If the insurance costs $380 and the payout is $3,100, what is the expected net value
6100
for the airlime? Round final answer to the nearest penny.
Number
dollars
Transcribed Image Text:An airline sells traveler's insurance for its flights. The airline determined that the probability that someone would need to file a claim is If the insurance costs $380 and the payout is $3,100, what is the expected net value 6100 for the airlime? Round final answer to the nearest penny. Number dollars
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