# PROBABILITY

FIND THE EXPECTED PROFIT OR LOSS VALUE FOR 100,000 POLICIES:
AN INSURANCE POLICY SELLS FOR \$625. BASED ON PAST DATA, AN VERRAGE OF 1 IN 100 POLICY HOLDESWILL FILE \$8000 claim, nd average of 1 in 250 policholders will file a \$10,00 claim,and an average o 1 in 500 policy holders wil filea \$30,000 clam. lst the appropriae forula, then compute your answer.

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