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2. Now assume that[when floods do occur, they are non-random and losses due to clean ups are equal to $800. a. Calculate the expected losses

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2. Now assume that[when floods do occur, they are non-random and losses due to clean ups are equal to $800. a. Calculate the expected losses per town per summer? (2 points) b. Calculate the expected losses for ALL towns per summer. (1 point) c. Calculate the expected summer losses for ALL towns for the next 15 years. (1 point) 1 # of floods per town per summer 0 1 2 3 4 Probability 0.10 0.15 0.26 0.30 0.15 0.04 I 5

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