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    Assume that Buckeye Brewery determines that its liability losses

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    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?

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    https://brainmass.com/business/business-math/buckeye-brewery-determines-liability-losses-471950

    Solution Summary

    The expert determines the expected value of liability losses for Buckeye Brewery.

    $2.19