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April 23, 2014

Homework Help: statistics

Posted by Anonymous on Sunday, March 24, 2013 at 11:54am.

solve this math statistic problem: 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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