Mathematics, 04.11.2020 22:50 javink18
Brian wants to buy a motorcycle and is planning to get motorcycle insurance. Suppose the average accident rate is 0.1 and the average expenses incurred for accidents is $38,000. If an insurance plan has a yearly premium of $1,000 and a deductible of $4,000, the expected value per accident to each insured motorist is -$ and the expected value per accident-related claim to the insurance company for every customer is -$
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Brian wants to buy a motorcycle and is planning to get motorcycle insurance. Suppose the average acc...
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