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Mathematics, 26.05.2020 22:02 genyjoannerubiera

You insurance policy on your car costs $600 a year. If you total your vehicle, you insurance company will pay $25,000 towards a new vehicle. The probability that you will total your car is .002. What is your annual expected value?

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You insurance policy on your car costs $600 a year. If you total your vehicle, you insurance company...
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