document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=505958>Question 505958</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A company insures a coin collection worth $20,000 for an annual premium of $300.  There is a .002 chance the collection will be stolen.   What is the company's expected profit? </SPAN>\n" );
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document.write( "Random profit values: -19700 ; +300<BR>\n" );
document.write( "Corresponding probabilties: 0.002 ; 0.998<BR>\n" );
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document.write( "Expected Profit = 0.002(-19700) + 0.998(300) = $260<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "============= </SPAN>\n" );
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