Question

4 Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probability of total loss of only the above-water superstructure ($210 million) is .20, the probability of total loss of the facility ($910 million) is .20, and the probability of no loss is.60. 5 points Find the expected loss. (Input the amount as a positive value.) Expected Loss million eBook Ask Print

Answer 1

210x01+11002t 0xmher Wednesday 1 2