Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Scenario: Flood Area
Suppose you own a home that is estimated to be worth $250,000. You live in a flood plain; as a result, the probability that you will lose your home to a flood is 30%.
-(Scenario: Flood Area) Look at the scenario Flood Area. A flood may occur, causing you to lose your entire home. In this case, your expected loss resulting from the flood would be:

A) $250,000.
B) $75,000.
C) $15,000.
D) $100,000.