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Business, 03.10.2019 10:30, arieannaensley0616
Abrand developed by a retailer and/or wholesaler that is available only in selected retail outlets is called a brand.
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An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value
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Abrand developed by a retailer and/or wholesaler that is available only in selected retail outlets i...
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