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VashaNatasha [74]
3 years ago
8

Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probabi

lity 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.
Mathematics
1 answer:
Andrew [12]3 years ago
6 0

Answer:

The expected loss is $275 million.

Step-by-step explanation:

Expected loss can be determined as the sum of the product of each possible loss by the its probability of occurence. In this situation, there are only two possible losses listed since the probability of no loss doesn't add any value to the expected loss and should be disregarded.

Expected loss (in millions) = EL

EL = (300*0.25)+(800*0.25)\\EL = 275

The expected loss is $275 million.

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Step-by-step explanation:

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hope it helps , make sure to follow !!!!

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8 0
2 years ago
PLEASE HELP
postnew [5]

Answer:

Below

Step-by-step explanation:

Substituting the given values:

f(6) = 6(2/3) - 2 =   cube root of 6^2 - 2 = cube root 36 - 2

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B

Step-by-step explanation:

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The independent variable is the variable that the person carrying out an experiment changes or manipulates. the independent variable usually have a direct effect on the dependent variable

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