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Please answer? And all parts to the question. Part 1 of 2 Points: 0 of 1 An insurance policy sells for $1000. Based on past

Please answer? And all parts to the question.

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Part 1 of 2 Points: 0 of 1 An insurance policy sells for $1000. Based on past data, an average of 1 in 125 policyholders will file a $10,000 claim, an average of 1 in 100 policyholders will file a $40,000 claim, and an average of 1 in 250 policyholders will file a $60,000 claim. Find the expected value (to the company) per policy sold. If the company sells 30,000 policies, what is the expected profit or loss? The expected value is $ (Simplify your answer. ) Points: 0 of 1 An insurance policy sells for $800. Based on past data, an average of 1 in 125 policyholders will file a $20,000 claim, an average of 1 in 100 policyholders will file a $30,000 claim, and an average of 1 in 500 policyholders will file a $70,000 claim. Find the expected value (to the company) per policy sold. If the company sells 20,000 policies, what is the expected profit or loss? The expected value is $ (Simplify your answer.) In a large casino, the house wins on its blackjack tables with a probability of 51.2%. All bets at blackjack are 1 to 1, which means that if you win, you gain the amount you bet, and if you lose, you lose the amount you bet. a. If you bet $1 on each hand, what is the expected value to you of a single game? What is the house edge? b. If you played 100 games of blackjack in an evening, betting $1 on each hand, how much should you expect to win or lose? c. If you played 100 games of blackjack in an evening, betting $6 on each hand, how much should you expect to win or lose? d. If patrons bet $5,000,000 on blackjack in one evening, how much should the casino expect to earn? a. The expected value to you of a single game is s (Type an integer or a decimal ) A lottery posted the probabilities of winning each prize and the prize Prize Probability amounts as shown in the chart to the right. Suppose that one lottery ticket costs $1. Find the expected value of the winnings for a single $2,000,000 1 in 40,000,001 ticket. Then state how much you can expect to win or lose each $200,000 1 in 20,000,001 year if you buy 10 lottery tickets per week? Should you actually expect to win or lose this amount? Explain. $2000 1 in 10,000,001 The expected value of the winnings for a single ticket is $ (Round to the nearest cent as needed.)

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