In the previous question, what would you have been willing to pay for insurance if the factory

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In the previous question, what would you have been willing to pay for insurance if the factory was expected to earn \($1,000\) if there is no flood. In the event of a flood, you would still earn \($0,\) but the insurance would pay \($1,000.\) How much would you be willing to pay for the insurance now? Assume θ = 0.50.

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