An insurance company offers two accident policies Policy A has an annual premium of 2 000 with a deductible of 800 Policy B has an annual premium of 2 400 with a deductible of 200 The probability of an accident costing more than 800 in a given year is 15 Assume a person has at most one accident in a year and no accidents costing less than 800 Which policy has the lower expected cost to the owner Explain