Mathematics, 24.07.2021 07:40 rosie20052019
An insurance company estimates the probability of an earthquake in the next
year to be 0.0012. The average damage done by an earthquake it estimates to be
$60,000. If the company offers earthquake insurance for $100, what is their expected
value of the policy?
Answers: 1
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An insurance company estimates the probability of an earthquake in the next
year to be 0.0012. The...
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