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\(\pi\)
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\(\frac{a}{b}\)
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\(\sqrt{\,}\)
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An insurance company offers you a contract for 150 dollars. There’s a 5\(\pourcent\) chance that you will have an accident, in which case the company will pay out 2000 dollars.
Calculate the expected profit \(E(X)\) of the insurance company.
Explain what the result means in terms of the average expected profit for the company.
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