Calculate the Expected Value of the following Probability Distribution:
Loss Outcome Probability
-34 30%
-46 50%
-53 20%
A) -38.2
B) -43.8
C) -44.3
D) -49.6
B
Business
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Peril is
a. subjective probability. b. a physical condition that increases the chance of loss. c. a situation where either profit or loss is possible. d. the cause of loss.
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Jane, age 35, has just purchased a 20-pay whole life policy. When she turns 55, she will
A) no longer be covered by the policy B) receive the policy's face amount benefit C) cease paying premiums D) have a fully matured policy"
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