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Please help. Oxnard Petro Ltd. is buying hurricane insurance for its off{oast oil drilling platform. During the next ve years, the probability of total loss

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Oxnard Petro Ltd. is buying hurricane insurance for its off{oast oil drilling platform. During the next ve years, the probability of total loss of only the abovewater superstructure [$300 million] is .25, the probability of total loss of the facility {$800 million] is .25, and the probability of no loss is .50. Find the expected loss. {Input the amount as a positive value.) Expected Loss $: |million

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