jpatte2oye8qv
jpatte2oye8qv
04.07.2020 • 
Mathematics

Let X be the damage incurred (in $) in a certain type of accident during a given year. Possible X values are 0, 1000, 5000, and 10000 with probabilities .8 .1 .08 and .02 respectively. a particular company offers a $500 deductible policy. if the company wishes its expected profit to be $100 what preminum amount should it charge?

Solved
Show answers

Ask an AI advisor a question