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An insurance company will insure a $220,000 home for its total value for an annual...

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An insurance company will insure a $220,000 home for its total value for an annual premium of$510.The company spends $30 per year to service such a policy, and the probability of total loss for such a home in a given year is 0.001.Assuming that either total loss or no loss will occur, what is the company's expected annualgain (or profit) on each such policy?-$220$260$290$210

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