SophiaPretty

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Teaching Since: Jul 2017
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    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

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    WalMart
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Category > Math Posted 27 Aug 2017 My Price 6.00

45. The annual premium for a $5,000 insurance policy

45. The annual premium for a $5,000 insurance policy against the theft of a painting is $200. If the (empirical)probability that the painting will be stolen during the year is 0. 02, what is your expected return from the insurance company if you take out this insurance?
Let X be the random variable for the amount of money received from the insurance company in the given year.E(X)equals=_________ dollars

Answers

(5)
Status NEW Posted 27 Aug 2017 08:08 AM My Price 6.00

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