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an insurance policy sells for $730. Based on past data, the company has computed the following probabilities: an avg of 1 in 60 policyholders will

an insurance policy sells for $730. Based on past data, the company has computed the following probabilities:

an avg of 1 in 60 policyholders will file a 10,000 claim

an avg of 1 in 120 policyholders will file a 20,000 claim

an avg of 1 in 300 policyholders will file a 50,000 claim

what is the expected value to the company per policy sold?

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