Question
Oxnard Petro Ltd. is buying hurricane insurance for its off-coast oil drilling platform. During the next five years, the probability of total loss of only the above-water superstructure ($200 million) is .25, the probability of total loss of the facility ($900 million) is .25, and the probability of no loss is .50.
 
Find the expected loss. (Input the amount as a positive value.)

Expected Loss           $  million
 
 
 

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