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Forestland Insurance Company underwrites insurance for properties in high density forest areas. It uses the estimate that the probability of a major forest fire destroying a home in any one year is 0.000043. If a homeowner takes a 30-year mortgage on a recently purchased property, what is the likelihood that the owner will experience at least one major forest fire during the mortgage period
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Forestland Insurance Company underwrites insurance for properties in high density forest areas. It u...
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