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Posted: August 7th, 2024

What is the expected value to the company per policy

An insurance policy sells for $730. Based on past data, an average of 1 in 60 policyholders will file a $10,000 claim, an average of 1 in 120 policyholders will file a $20,000 claim, and an average of 1 in300 policyholders will file a $50,000 claim. What is the expected value to the company per policysold?A) $230 B) $255 C) $500 D) $260

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