Mathematics, 13.05.2021 03:40 logan867
It is estimated that there are 33 deaths for every 10 million people who use airplanes. A company that sells flight insurance provides $100,000 in case of death in a plane crash. A policy can be purchased for $1. Calculate the expected value and thereby determine how much the insurance company can make over the long run for each policy that it sells.
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It is estimated that there are 33 deaths for every 10 million people who use airplanes. A company th...
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