Mathematics, 28.05.2021 07:40 alejandro8212003
Marciel is considering buying a flood insurance policy for the upcoming year that costs 600 dollars and is
worth 50,000 dollars if her home floods. Based on previous years, she estimates that there is a 2% chance
of her home flooding this year.
Find the expected value of buying this flood insurance policy.
Answers: 1
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Marciel is considering buying a flood insurance policy for the upcoming year that costs 600 dollars...
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