Mathematics
Mathematics, 08.04.2020 17:25, kristinashau

A tree cutting business has an insurance policy to cover any damages caused during the tree cutting process. The business pays an annual premium of $1,500 for a policy that covers up to $500,000 in damages. The probability of a tree causing damage is 0.002. What is the expected value?

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A tree cutting business has an insurance policy to cover any damages caused during the tree cutting...

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