An electronics retailer is developing a model for insurance policies on new cell phone purchases. It estimates that 52% of customers never make a claim, 30% of customers require a small repair costing...

An electronics retailer is developing a model for insurance policies on new cell phone purchases. It estimates that
52% of customers never make a claim, 30% of customers require a small repair costing an average of $70, and
18% of customers request a full refund costing $260. What is the long-term average cost the retailer should expect
to pay to its customers per claim?