document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=130426>Question 130426</A>This question is from textbook <A HREF=http://www.amazon.com/exec/obidos/ASIN/9780073534961/algebrahomeworkh>Statistics</A><BR>\n" );
document.write( ": <I><SPAN STYLE=\"word-break: break-all;\"> An insurance company insures a person's antique collection worth $20,000 for an anuual premium of $300.00.  If the company figures that the probablity of the collection being stolen is 0.002, what will be the company's expected profit?\r<BR>\n" );
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document.write( "I have no clue on how to do this...please help </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #95274 by </B><A HREF=/tutors/aboutme.mpl?userid=scott8148><B>scott8148(6628)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=scott8148><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=scott8148><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=95274\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> the expected loss is the amount of the loss, $20000, multiplied by the probability of the loss, .002\r<BR>\n" );
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document.write( "the expected profit is the premium, $300, minus the expected loss, $40 </SPAN>\n" );
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