Question
Exhibit 3 Type of Claim Size of Claim Number of claims out of 10,000 policy holders Probability Claim 1 $200,000 1 0.0001 Claim 2 $50,000
Exhibit 3 Type of Claim Size of Claim Number of claims out of 10,000 policy holders Probability
Claim 1 $200,000 1 0.0001 Claim 2 $50,000 10 0.001 Claim 3 $2,000 200 0.02 Claim 4 $0 9,789 0.9789
Use Exhibit 3. Based on historical data,a home insurance company anticipates the shown pattern of claims. What is the expected claim on the next policy sold by the company?
A.$100B.$110C.$120D.$130E.$140
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Crush Debt Now Pay Off Debt Fight Collection Lawsuits Negotiate And Settle Your Debts Using 3 Step Strategy To Be Debt Free
Authors: Tom Cromwell
1st Edition
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