Assume that Buckeye Brewery determines that its liability losses have the following distribution: $5,000,000 with probability 0.004
$1,500,000 with probability 0.025
Loss = $ 500,000 with probability 0.030
$ 0 with probability 0.941
What is the expected value of liability losses?
The expert determines the expected value of liability losses for Buckeye Brewery.