An insurance company charges a customer $1600 per year for a particular customers auto insurance. The company has predicted that there is a 10% change the person will make a claim on the policy of $5000 (which means the insurance company would lose $3400) and 90% change that they won't make a claim. What can the insurance company on average expect to make on selling this policy?

Group of answer choices

$940

$1020

$1100

$2900
A fundraising event offered people a chance to pay $3 to go through a corn maze (shown below) in a field in the fall. The maze either led to nothing or a prize of $4 (ie their $3 back and an extra $1). The participants can only move forward and when they come to a fork in the maze they are equally likely to take any one of the paths. What is the expected monetary value for each participant that goes through the maze?



Group of answer choices

-0.33

-0.67

-0.75

-1.00