Question: Suppose your house is worth $1,000,000 and you have basic fire insurance that costs $50 per year. The insurance has a maximum coverage of $200,000.

Suppose your house is worth $1,000,000 and you have basic fire insurance that costs $50 per year. The insurance has a maximum coverage of $200,000. There is a 0.1% chance every year that your house will burn down and lose all its value. What is the expected value of keeping the basic insurance (instead of buying more insurance)?

Suppose your house is worth $1,000,000 and you have basic fire insurancethat costs $50 per year. The insurance has a maximum coverage of$200,000. There is a 0.1% chance every year that your house willburn down and lose all its value. What is the expected value

A B C D 2 1 2 2 3 2 3 3 3 1 Which of the diagrams shown here best represents the following argument: "All accountants are licensed by the province. And Anita is an accountant. So Anita is licensed by the province." Diagram A Diagram B Diagram C O Diagram DAEJEBEECEEDE Which of the diagrams shown here best represents the following argument: "Accountants are generally smart. And accountants are generally diligent. So we can trust Anita to do a good job." O Diagram D O Diagram C O Diagram B (9 Diagram A Which of the diagrams shown here best represents the following argument: "Ali is an accountant. 80 Ali is licensed by the province. So you can trust him." 0 Diagram D 0 Diagram A 0 Diagram B 0 Diagram C D m SEQ mm Which of the diagrams shown here best represents the following argument: "Because your taxes are complex, you should hire an accountant. Besides, you don't have time to do your taxes yourself." 0 Diagram B 0 Diagram C 0 Diagram A 0 Diagram D

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