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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