An insurance policy sells for $600. Based on past data, an average of 1 in 50 policyholders will file a $5,000 claim, and average of 1 in 100 policyholders will file a $10,000 claim, and an average of 1 in 200 policyholders will file a $30,000 claim. What is the expected value per policy sold?

$250

Step-by-step explanation:

Calculation to determine the expected value per policy sold

Expected value​ per policy sold =$600-(1/50)*$5,000-(1/100)*$10,000-(1/200)*$30,000

Expected value​ per policy sold =$600-$100-$100-$150

Expected value​ per policy sold =$250

Therefore the expected value per policy sold will be $250

a) justify

step-by-step explanation:

justifying is just part of everyday life. justify kind of means proof so i think the answer is a) justify.

the data of the detroit pistons in numerical order from least to greatest is 0.30, 0.37, 0.55, 0.62, 0.69, 0.72, 0.73, 0.75, 0.77, 0.78, 0.80, 0.81, 0.81, 0.83, 0.84, 0.89

the data of the miami heat in numerical order from least to greatest is 0.50, 0.50, 0.56, 0.57, 0.67, 0.72, 0.72, 0.72, 0.75, 0.75, 0.76, 0.81, 0.82, 0.90, 1.00, 1.00

the detroit pistons median : 1.52

the miami heat median: 1.47

the iqr of this data is 0.05