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thank you! Which of the following is the best interpretation of the expected value E(C) that you found in question 6. (a) If the company

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Which of the following is the best interpretation of the expected value E(C) that you found in question 6. (a) If the company insures 10 cars of this model, they know they will incur 10 x E (C) in costs. (b) The maximum cost to the company for insuring this car model is E(C) per car. (c) The company must insure at least E(C) of these cars to make a profit. (d) If the company insures a large number of these cars, they can expect the average cost per car to be approximately E(C). (e) If the company insures a large number of these cars, they can expect the variability in cost per car to average approximately E(C)

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