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Expected value Homework Unanswered All customers charged $500/year, 10 % submit a claim in any given year and claims always for $1500. How much can
Expected value Homework Unanswered All customers charged $500/year, 10 % submit a claim in any given year and claims always for $1500. How much can the company expect to make per customer? Report the numeric value only. Claim Paid? Yes No Type your numeric answer and submit Unanswered Probability .10 .90 Amount Gained -$1000 +$ 500 Submit
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