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7. Based on the following table, the expected value of the annual hurricane loss is Probability Annual Hurricane Loss 10.60 $0 0.20 $10,000 0.15 $30,000

7. Based on the following table, the expected value of the annual hurricane loss is Probability Annual Hurricane Loss 10.60 $0 0.20 $10,000 0.15 $30,000 10.05 $40.000

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