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Business, 25.02.2021 23:30 tobywaffle1234

The probability distribution for damage claims paid by the Newton Automobile Insurance Company on collision insurance follows. Payment ($) Probability a. Use the expected collision payment to determine the collision insurance premium that would enable the company to break even. b. The insurance company charges an annual rate of for the collision coverage. What is the expected value of the collision policy for a policyholder

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