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Your house is worth $ 2 5 0 , 0 0 0 . You also have $ 3 0 , 0 0 0 in a

Your house is worth $250,000. You also have $30,000 in a savings account. There is a 10 percent chance of a fire this year. If the fire occurs there will be $150,000 of damage to your home.What is the expected value of your wealth at the end of the year?
A. $175,000
B. $130,000
C. $100,000
D. $265,000

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