Question:
tis estimated that there are 32 deaths for every 10 million
Last updated: 7/10/2022
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tis estimated that there are 32 deaths for every 10 million people who use airplanes. A company that sells fight insurance provides $100,000 in case of death in a plane crash. A policy can be purchased for $1. Calculate the expected and thereby determine how much the insurance company can make over the long run for each policy that it sells