Posted by **Sonya** on Sunday, July 1, 2012 at 9:18pm.

The company estimates the probability of no damage to be 0.60, the probability of damage between $0 and $10,000 to be 0.25, and the probability of damage between $10,000 and $25,000 to be 0.12. If the company wants to make a profit of $200 above the expected cost, what should be the price of the policy?

## Answer this Question

## Related Questions

- statistics - A drug is essential to the profileration of lymphocytes can cause ...
- Business Math - Al Smith, who lives in Territory five, carries 10/20/5 ...
- statistics - According to Advertising Age, the average base salary for women ...
- math - David Salter has a personal automobile policy ( PAP) with coverage of $ ...
- statistics - The data set represents the income levels of the members of a ...
- math - The data set represents the income levels of the members of a country ...
- Probability - Daily output of Marathon's Garyville, Lousiana, refinery is ...
- accounting - On October 31, a flood at Payne Company’s only warehouse caused ...
- Statistics - 200 people were sampled and the following table shows the number of...
- Economics (36) - For borrowers with good credit scores, the mean debt for ...