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Mathematics, 16.10.2019 05:20, eweqwoewoji
Oxnard petro ltd. is buying hurricane insurance for its off-coast oil drilling platform. during the next five years, the probability of total loss of only the above-water superstructure ($300 million) is 0.25, the probability of total loss of the facility ($800 million) is 0.25, and the probability of no loss is 0.50. find the expected loss.
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Oxnard petro ltd. is buying hurricane insurance for its off-coast oil drilling platform. during the...
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