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a shipping company is transporting a load worth $1,000,000 from miami to new orleans. based on historical data, there is a 3% chance that the
a shipping company is transporting a load worth $1,000,000 from miami to new orleans. based on historical data, there is a 3% chance that the load will be stolen during transit. the company decides to implement additional security measures that cost $25,000. if the load is stolen, the company will lose the value of the load plus the cost of the security measures. what is the expected cost of risk for the company
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