Calvert took an interest in the British colonisation of the Americas, at first for commercial reasons and later to create a refuge for persecuted English Catholics. Calvert died five weeks before the new Charter was sealed, leaving the settlement of the Maryland colony<span> to his son Cecil.
</span>Cecil Calvert, 2nd Lord of Baltimore, founded Maryland<span> in 1632. Cecil's father, George Calvert, had received a royal charter for the land from King Charles I. The new </span>colony<span> was named after Henrietta Maria, the wife of the king.
</span><span>
Hope this helps!!
</span>
Answer:
The question is missing the below options:
A $3000 ?B$10,000 ?C$30,000 ?D$100,000
The correct option is A,as expected loss is $3000 as computed below
Explanation:
The expected loss can be computed thus:
probability of theft*property loss of theft+probability of no theft*property loss of no theft
Probability of theft is 0.3(30%)
probability of no theft 0.7(1-0.3)
property loss of theft is $10000
property loss when no theft occur is $0
Expected loss=0.3*$10000+0.7*$0
expected loss=$3000+$0
expected loss=$3000
One needs to know that the entire probability of theft and no theft occurring is 1,so when one is given as 0.3,automatically the remainder belongs to other.
