Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions :
Scenario: Flood Area
Suppose that 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) Use 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.