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Expected value per claim for every customer

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Acasa Insurance Company offers two plans for home insurance. Plan A has a $750 yearly premium with a $3,000 deductible. Plan B has a $1,200 yearly premium with a $1,000 deductible. Last year, 20% of all policyholders made damage claims. The average claim amount was $6,500.

The expected value per claim for every customer who chooses plan B is $_. The expected value per claim for every customer who chooses plan A is $_.

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Reference no: EM131996921

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