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type or encode the solution thank you 5. A car insurance company offers to pay Php600,000.00 if a car is stolen or is destroyed beyond

type or encode the solution thank you 5. A car insurance company offers to pay Php600,000.00 if a car is stolen or is destroyed beyond repair. The insurance policy costs Php25,000.00 and the probability that the company will need to pay the amount of insurance is 0.003. Find the expected value of the insurance to car owners

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