Question: please help show working Consider the wealth diagram shown below. NI represents the No Insurance wealth lottery, while points A and B are wealth lotteries

please help show working

Consider the wealth diagram shown below. NI represents the No Insurance wealth lottery, while points A and B are wealth lotteries corresponding to two different insurance contracts. W 45 line NI 600 B - 450 420 W 110 170 300 Suppose that the probability of the loss is p = 0.4. Calculate the insurance company's expected profit of the insurance contract corresponding to wealth lottery A. w

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