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4:37 DOO 68%7 . information 4. Beta Insurance has estimated the losses and probabilities...

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4:37 DOO 68%7 . information 4. Beta Insurance has estimated the losses and probabilities that arise from property and casualty insurance in the following table. What is the expected cost of a policy? * Loss Probability $1,500,000 0.2% 650,000 0.5% 120,000 1.3% 75,000 4.9% 55,000 8.0% 18,000 9.0% 8,000 10.0% 3,000 12.0% 0 54.1% Also, assume that Beta's policies include $4,000 deductible. a. $17,309 b. $14,665 c. $17,930 d. $14,566 e. None of the above 5. Rami had a car accident that left him with minor injuries. The car damage was octimated at 750 while his medical hill JIL

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