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What is the expected value of the following independent outcomes for a house? Event Probability Loss Flood Fire Burglary 1.0% $ 1.0% $ 5.0% $

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What is the expected value of the following independent outcomes for a house? Event Probability Loss Flood Fire Burglary 1.0% $ 1.0% $ 5.0% $ 93.0% $ 10,000 100,000 5,000 Safe

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