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Homework 1 _ Problem 4

# Homework 1 _ Problem 4 - "expected" policy value...

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Number of no interests 500 Number of house calls 1000 Number of interests to discuss 500 Number of no Sales Number of \$10,000 sales 250 166.67 Question: What is the probability that a sale will be made at each house and the

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Unformatted text preview: "expected" policy value for each policy holder assuming a sale is made. Probability of a Sale 250 Answer: \$10,000 prob = 0.17 \$20,000 prob = 0.08 Number of \$20,000 sales 83.33...
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Homework 1 _ Problem 4 - "expected" policy value...

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