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QUESTIONS Calculate the expected value of loss from the following probability distribution: Possible Outcome Frequency of Occurrence $0 300 $100 200 $1000 100 a. $333

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QUESTIONS Calculate the expected value of loss from the following probability distribution: Possible Outcome Frequency of Occurrence $0 300 $100 200 $1000 100 a. $333 b. $667 c. $0 d. $200 QUESTION 9 Dense fog that increases the chance of an automobile accident is an example of a a. speculative risk. b. peril c physical hazard. d. moral hazard

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