document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1077708>Question 1077708</A>: <I><SPAN STYLE=\"word-break: break-all;\"> this is what i have could anyone help please\r<BR>\n" );
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document.write( "An insurance company has determined that in a certain region the probability of lightning striking a house in a given year is about 0.0005, and the average cost of repairs of lightning damage is $8000 per incident. The company charges $28 per year for lightning insurance. \r<BR>\n" );
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document.write( "A.  What is the company's expected value for the net income from each lightning insurance policy in one year? \r<BR>\n" );
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document.write( "B.  If the company has 300,000 lightning damage policies, what is the company's expected yearly income from lightning insurance?\r<BR>\n" );
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document.write( "Thanks guys<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #692174 by </B><A HREF=/tutors/aboutme.mpl?userid=jorel1380><B>jorel1380(3719)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=jorel1380><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=jorel1380><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=692174\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A.The cost of repairs is $8000 per incident, while the probability of an incident is 0.0005. So the expected cost is 8000x0.0005, or $4 per policy. Thus, the net profit from one policy is 28-4, or $24/policy.\r<BR>\n" );
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document.write( "B. 300000 policies x $24/policy=$7,200,000 profit annually from lightning insurance. &#9786;&#9786;&#9786;&#9786; </SPAN>\n" );
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