You wish to insure a priceless family heirloom against theft. The annual premium for policy A is $150 and it will pay 75,000 if the heirloom is stolen. Policy B will pay 100,000 but the annual premium is $250 based off this information what is the probability will be stolen according to the insurance 

Answer rating: 100% (QA)

From the given data For policy A the expected value can be A 75000p1501p For policy B th... View the full answer