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Probability
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OpenStudy (anonymous):
Water damage (from broken pipes, overflows, etc.) results in approximately 12% of claims overall, with an average claim being $5,200. What is the expected value (loss or gain) to Acasa for every customer who chooses plan A? Plan A has a $700 yearly premium with a deductible of $3000 A. -$1,060 B. $436 C. -$360 D. -$100
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