An insurance company expects 10 of its policyholders to
An insurance company expects 10% of its policyholders to collect claims of $500 this year and the remaining 90% to collect no claims. What is the expected value for the amount they will pay out in claims per person?
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an insurance company expects 10 of its policyholders to collect claims of 500 this year and the remaining 90 to collect
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