Multiple Choice
Scatterbrain Samantha often forgets to lock her house.This has caused the probability of a burglary to be 30%.If her house gets broken into,she faces a property loss of $10,000,otherwise she gets to keep her $100,000.If Samantha is offered full coverage for her house at $1,500,what is her expected wealth with the insurance policy?
A) $80,000
B) $87,000
C) $97,000
D) $98,500
Correct Answer:
Verified
Correct Answer:
Verified
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