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.
1 mile equals approximately 1.609 kilometers per hour so 3mph equals 4.82803 kilometers per hour and you could round it to 5 of whatever decimal place your teacher wants
