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October 25, 2014

Homework Help: Psydag--stat

Posted by Lori on Sunday, September 26, 2010 at 2:57pm.

An insurance company insures a person's antique coin collection worth $20,000 for an annual premium of $300. If the company figures that the probability of the collection being stolen is 0.002, what will be the company's expected profit?

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