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Mathematics, 13.09.2021 20:40 barb4you67
An insurance policy on an electrical device pays a benefit of $6900 if the device fails during the first year. The amount of the benefit decreases by $1150 each successive year until it reaches 0 . If the device has not failed by the beginning of any given year, the probability of failure during that year is 0.26. Find the expected benefit under this policy,
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