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Name2 Name2
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A year ago
A home insurance company anticipates the following pattern of claims, based on historical data. What is the expected claim on the next policy sold by the company?

Type of ClaimSize of ClaimNumber of Claims out of 
10,000 Policy Holders
Probability
1$200,00010.0001
2$50,000100.001
3$2,0002000.02
4$09,7890.9789


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Textbook 

Corporate Finance Online


Edition: 2nd
Authors:
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jamesbovejamesbove
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A year ago
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A year ago
Really appreciate this, Thank you!
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