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Random variable for the amount

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Reference no: EM131407570

The annual premium for a $5,000 insurance policy against the theft of a painting is $200. If the (empirical) probability that the painting will be stolen during the year is 0. 02, what is your expected return from the insurance company if you take out this insurance?

Let X be the random variable for the amount of money received from the insurance company in the given year. E(X)equals=_________ dollars

Reference no: EM131407570

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