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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 $ 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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