Question: (3 points/ Problem 14) Compute the expected value for an insurance claim given the following information: $10,000 Claim Value SO $2000 $3500 50 Number of

(3 points/ Problem 14) Compute the expected value for an insurance

(3 points/ Problem 14) Compute the expected value for an insurance claim given the following information: $10,000 Claim Value SO $2000 $3500 50 Number of Claims 1000 238 212 Expected Value = $

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