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an insurance company will insure a $75,000 particular make and model of car for its full value against theft at a premium of $1,500 per year. suppose that the probability that this particular automobile
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15 votes
an insurance company will insure a $75,000 particular make and model of car for its full value against theft at a premium of $1,500 per year. suppose that the probability that this particular automobile make and model will be stolen is .0075. calculate the expected net profit for the insurance company.

User Aean
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11 votes
11 votes

Answer: $937.50

Step-by-step explanation:

User Paradoxis
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