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This question was created from EDONE 5-4 Extra Help Discussion--- Module Five Topics (Non-graded).docx


This problem had me very confused, however I finally solved it. Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. Dun'ng the
next five years, the probability of total loss of only the above-water superstructure ($260 million) is .20, the probability of total loss of the facility ($960 million) is .20, and the probability of no
loss is .60. Find the expected loss. {Input the amount as a positive value.) Expected Loss 35

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