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An insurance company A wants to estimate the revenue it can receive using the data. Suppose that it can generate $1000, $600, $200 from people
An insurance company A wants to estimate the revenue it can receive using the data. Suppose that it can generate $1000, $600, $200 from people with excellent, very good, and good health status respectively. Further suppose that it cannot generate revenue from a fair health status person, and loses $150 from a poor health status person. Assuming that 1) there are only two insurance companies, including A, 2) they insure the same number of people, and 3) nobody has more than one insurance coverage, how much revenue can company A expect to generate from a population of 10000? Show your work
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