Assume two homes are each at 20% risk of loss. If the losse…
Assume two homes are each at 20% risk of loss. If the losses are pooled. what are the four possible outcomes with probabilities for each home owner? Probability that neither home is lost: [00] Probability that only the first home is lost: [01] Probability that only the second home is lost: [10] Probability that both homes are lost: [11] Enter all answers as decimals starting with a 0.
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