Provide an appropriate response.An insurance company sells an insurance policy for $1000. If there is no claim on a policy, the company makes a profit of $1000. If there is a claim on a policy, the company faces a large loss on that policy. The expected value to the company, per policy, is $250.Which of the following statements is (are) true?A: The most likely outcome on any single policy is a profit for the company of $250.B: If the company sells only a few policies, its profit is hard to predict.C: If the company sells a large number of policies, the average profit per policy will be close to $250.

A. B only
B. C only
C. B and C
D. A and C


Answer: C

Mathematics

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