Calculate the expected value and thereby


It is estimated that there are 30 depths for every 10 million people who use airplanes. a company that sells fight insurance provides $100000 in case of depth in a plane crash. a policy can be purchases 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.

The expected value is $_______ (round to the nearest cent)

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Basic Statistics: Calculate the expected value and thereby
Reference No:- TGS0723767

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