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You are considering purchasing insurance for a new building. The policy s annual cost, as well as the cost of damage from major or minor

You are considering purchasing insurance for a new building. The policy

s annual cost, as well as the cost of damage from major or minor events is included on your dataset, along with probabilities for each state of nature.

What is your decision using each of the criteria listed on the answer sheet?

What is your overall decision and why?

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