Question 1077708
E(x)=+28(.9995)-8000(.0005)=+27.986-4=+$23.986 or +$23.99
300,000*23.986=$7,195,800
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Check
300,000*.0005=150 with lightning damage and costs of $1,200,000
299,850*28=$8,395,800
The difference is $7,195,800