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Business, 14.04.2020 18:01 acaciafiedler2003

An insurance policy sells for $700. Based on past data, an average of 1 in 50 policyholders will file a $5,500 claim, an average of 1 in 100 policyholders will file a $10,000 claim, and 1 in 200 policyholders will file a $25,000 claim. What is the expected value of each policy the insurance company sells?

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