Question
f. Continue to assume the company has issued two policies, but now assume you take on a partner, so that you each own one-half
f. Continue to assume the company has issued two policies, but now assume you take on a partner, so that you each own one-half of the firm. Make a table of your share of the possible payouts the company may have to make on the two policies, along with their associated probabilities. (Negative answers should be indicated with a minus sign. Round your "Probability" answers to 4 decimal places.) Payout Probability Outcome: No Fire % Outcome: One Fire % Outcome: Two Fires g. What are the expected value and variance of your profit? Expected Return Standard Variance Deviation % Help Save & E Che
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