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please Zurance Insurance Company knows from your historical driving record and car repair costs that the following distribution describes the possible damages to your vehicle
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Zurance Insurance Company knows from your historical driving record and car repair costs that the following distribution describes the possible damages to your vehicle for the upcoming year. How much does Zurance expect to pay in damages if they choose to insure your vehicle this year? Probability 0.5 0.1 Possible Damages 0 $ 2,000 $5,000 $ 10,000 $ 25,000 0.1 0.2 0.1 Less than $4,000 $4,000 - $4,999 $5,000 - $5,999 Greater than $6,000Step by Step Solution
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