Find the expected value.An insurance policy sells for $720. Based on past data, an average of 1 in 70 policyholders will file a $10,000 claim, an average of 1 in 100 policyholders will file a $20,000 claim, and an average of 1 in 400 policyholders will file a $50,000 claim. What is the expected value to the company per policy sold?
A. $468
B. $276
C. $252
D. $282
Answer: C
You might also like to view...
Solve the proportion.
= 
A. {1} B. {-1} C. {2} D. {-2}
Choose the most reasonable unit of measure.Hammer length 30 
(mm, cm, m, km)
A. mm B. km C. cm D. m
Find the product. Write the answer in standard form.i(6 - 9i)(6 - 5i)
A. 81 - 24i B. 84 - 9i C. -84 + 9i D. 45i3 + 84i2 + 36i
Find the tax in the following application problems. Use $4050 for each personal deduction, a standard deduction of $6300 for single taxpayers, $12,600 for married taxpayers filing jointly, $6300 formarried taxpayers filing separately, and $9300 for head of household and the tax rate schedule.
Glenn and Natalie Dowling had combined wages and salaries of $69,117, other income of $5,258, dividend income of $317, and interest income of $664. They have adjustments to income of $2,435. Their itemized deductions are $9,180 in mortgage interest, $1,611 in state income tax, $846 in real estate taxes, and $1,193 in charitable contributions. The Dowlings filed a
joint return and claimed four exemptions. A. $4,243.65 B. $8,772.75 C. $5,656.15 D. $6,128.15