(Solution Document) an insurance policy sells for $730. Based on past data, the company has computed the following probabilities:

an insurance policy sells for $730. Based on past data, the company has computed the following probabilities:

an avg of 1 in 60 policyholders will file a 10,000 claim

an avg of 1 in 120 policyholders will file a 20,000 claim

an avg of 1 in 300 policyholders will file a 50,000 claim

what is the expected value to the company per policy sold?