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An insurance company offers you a contract for 150 dollars. There’s a 5\
  • Calculate the expected profit \(E(X)\) of the insurance company (
    ! e \(\pi\) ( ) % AC sin cos tan 7 8 9 / \(\sin^{-1}\) \(\cos^{-1}\) \(\tan^{-1}\) 4 5 6 * \(x^2\) \(\sqrt{\phantom{2}}\) xy 1 2 3 - ln exp log 0 . = +
    ).
  • Explain what the result means in terms of the average expected profit for the company.

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