An insurance company has a random number of claims in a given year with an average of 1000.

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An insurance company has a random number of claims in a given year with an average of 1000.  The claim size is also random with an average of $1200.  What should the insurance company expect to pay to meet the claims?

 

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An insurance company has a random number of claims in a given year with an average of 1000.
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