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OpenStudy (anonymous):
need help with formula, cant find it, how to work the problem Brian wants to buy a motorcycle and is planning to get motorcycle insurance. Suppose the average accident rate is 0.1 and the average expenses incurred on accidents is $38,000. The insurance plan has a yearly premium of $1,000 and a deductible of $4,000. What is the expected value per accident to each insured motorist? -$450 $1,200 -$1,200 $400
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