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From past information, MPJ has constructed the following distribution related to dollar amount of losses when packages do get lost. $ amount of losses 25

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From past information, MPJ has constructed the following distribution related to dollar amount of losses when packages do get lost. $ amount of losses 25 125 225 325 Probability of dollar loss 0.28 0.42 0.18 0.12 a. Calculate the expected value of severity for MPJ. (1 point). b. Calculate the expected loss per small business per month.. (1 point)

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