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What is the expected value of the following independent outcomes for a house? Event Probability Loss Flood 1.0% $ 1.0% $ Fire Burglary Safe 10,000

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What is the expected value of the following independent outcomes for a house? Event Probability Loss Flood 1.0% $ 1.0% $ Fire Burglary Safe 10,000 100,000 5,000 5.0% $ 93.0% $ 1,350 Question 3 1 pts In Question 2 (Q2), assume the standard deviation is $10,021 if an insurer had to insure 1,000,000 homes. What would the expected value be

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