maverickdlewis maverickdlewis

18-01-2023
Mathematics

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An automobile insurance company has determined the probabilities for various claim amounts for drivers ages 16 through 21. Calculate the expected value to the nearest dollar. Amount of Claim $0 $2000 $4000 $6000 $8000 $10000 Probability 0.70 0.15 0.08 0.05 0.01 0.01

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