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The damage from climate change to agricultural yields is uncertain. Suppose that scientists believe that the following percent losses in yield have the indicated probabilities:
The damage from climate change to agricultural yields is uncertain. Suppose that scientists believe that the following percent losses in yield have the indicated probabilities: Probability % yield lost 1% 0.5 0.3 3% 0.15 5% 0.05 10% Calculate the expected percent loss in yield. Give your answer in percentage points to 2 decimal places (type the number only). Type your
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