2b=c-2a
b=(c-2a)/2
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Answer:
5
Step-by-step explanation:
Answer:
The expected losses are $200 per year
Step-by-step explanation:
Expected payoff from flood insurance is:
income*probability of flood
$ 1000 * 0.20 = $ 200
But his insurance costs $400 per year, then he will loss: $ 400 - $ 200 = $200 per year.