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Kio Outfitters estimated the following losses and probabilities from past experience: Loss $30,000 $15,000 $10,000 $5,000 $1,000 $250 $0 Probability (%) 0.25 0.75 1.50 2.50

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Kio Outfitters estimated the following losses and probabilities from past experience: Loss $30,000 $15,000 $10,000 $5,000 $1,000 $250 $0 Probability (%) 0.25 0.75 1.50 2.50 5.00 15.00 75.00 What is the probability Kio will experience a loss of $10,000 or greater? %. (Round your response to two decim If an insurance company offers a loss policy with a $1,500 deductible, the most Kio will pay for the policy is $

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