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a . Use the expected collision payment to determine the collision insurance premium that would enable the company to break even. b . insurance company

a. Use the expected collision payment to determine the collision insurance premium that would enable the company to break even.
b. insurance company charges an annual rate of $458 for collision coverage. What is expected value of the policy for a policyholder? (expected payments minus cost of coverage) Enter negative values as negative numbers.
What is the policyholders expected annual loss?
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