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Ⓒ230 O -118 O-98 Question 29 O 127 O 112 An insurance company classifies customers as Healthy, Mostly healthy or Sick, b
Posted: Sat Jul 09, 2022 3:35 pm
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- 230 O 118 O 98 Question 29 O 127 O 112 An Insurance Company Classifies Customers As Healthy Mostly Healthy Or Sick B 1 (66.06 KiB) Viewed 59 times
Ⓒ230 O -118 O-98
Question 29 O 127 O 112 An insurance
company classifies customers as Healthy, Mostly healthy or Sick, but charges them all a premium of $230 per month. Healthy customers receive benefits worth $0, Mostly healthy customers receive benefits worth $80 and Sick customers receive benefits worth $980. If the
company expects 65% of the customers to be Healthy and 25% to be Mostly Healthy, what is the expected amount the
company will receive per customer per month (i.e. find the expected value to the insurance
company)? < Previous Ā EEE 12. Pn((APY+1)-1) 13. APY--1 14. r-In(APY +1) 3 pts Not