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Oxnard Petro Limited is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probability of total loss of only
Oxnard Petro Limited is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probability of total loss of only the above-water superstructure ($210 million) is .20, the probability of total loss of the facility ($910 million) is .20, and the probability of no loss is .60.
Find the expected loss.(Input the amount as a positive value.)
Expected Loss $ million
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