You're a small insurance company that insures 5000 people. Let's say that 1 house will catch on fire per year, so the probability of a house catching on fire is (1/5000). Therefore, the probability of a house NOT catching on fire is (4999/5000). If a house catches on fire, you have to pay $200,000. If every person pays $25 monthly, how much profit will your business make? $259.94 $1,299,700 $75,000 $3,673

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