E Homework: Chapter 8 Homework Without a seawali, the annual premium is $ 20000 (Round your response to the nearest whol

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E Homework Chapter 8 Homework Without A Seawali The Annual Premium Is 20000 Round Your Response To The Nearest Whol 1 (102.41 KiB) Viewed 24 times

E Homework: Chapter 8 Homework Without a seawali, the annual premium is $ 20000 (Round your response to the nearest whole number.) What would be the annual premium with a sewwall for an insurance policy that offers full Insurance? With a seawall, the annust premium is $ 4000 (Round your response to the cearest whois number) For a policy that only pays 30%, of the home value, what are your expected costs without a seawall? Without a seawall, the expected cost is $20000 (Round your response to the nearest whoin number.) For a policy that only pays 90% of the home value, what are your expected costs with a seawall? With a scawall, the expected cust is (Round your response to the nearest whole number) For this problem, use the fact that the expected value of an event is a probability weighted average, the sum of each probable outcome multipled by the probability of the event occurring. You own a house worth $400,000 that is located on a river the river floods moderately, the house will be completely destroyed. This happens about once every 20 years. If you build a seawal, the river would have to flood heavily to destroy your house, which only happens about once every 100 years. What would be the annual premium without a seawall for an insurance policy that offers full insurance? Help me solve this Etext pages A Type here to search Get more help- Part 4 of 5 H 10 O Points: 0 of 1 DELL BF Partly sunny Clear all 64 4:32 PM