Out of 5000 policies for cell phones, a company received 585 claims. The average amount paid on the claims was $80. If the

Question

Out of 5000 policies for cell phones, a company received 585 claims. The average amount paid on the claims was $80. If the annual cost of the policy was $48, what was a customers expected value of the cell phone insurance policy?

Kunduz · Accepted Answer

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