Mathematics, 26.10.2021 08:40 joshua9814
2) The management company of a popular, but unstable, rapper is worried about their investment
in his up-coming world tour, so they purchase a 1-year $1 million insurance policy for $137,000.
The probability the rapper will successfully complete the 1-year world tour is 0.87352. What is
the expected value of the policy from the perspective of the management company?
Answers: 3
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