Use the Following to Answer Questions

question 48

Multiple Choice

Use the following to answer questions :
Scenario: Flood Area
Suppose that you own a home that is estimated to be worth $250 000.You live in a flood plain;as a result,the probability that you will lose your home to a flood is 30%.
-(Scenario: Flood Area) Use Scenario: Flood Area.A flood may occur,causing you to lose your entire home.In this case,your expected loss resulting from the flood would be:

• A) $250 000.
• B) $75 000.
• C) $15 000.
• D) $100 000.

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Definitions:

Spinoza

Baruch Spinoza, a Dutch philosopher of Sephardi Portuguese origin, known for his work in ethics, epistemology, and rationalism.

Monad

In Leibniz, the simple immaterial substances that are the ultimate constituents of all reality. God, the one uncreated monad, created all of the others as self-enclosed (“windowless”), predetermined entities.

Monads

In philosophy, especially in Leibniz's metaphysics, indivisible and simple entities that are the ultimate units of reality.

Leibniz

Gottfried Wilhelm Leibniz was a German polymath and philosopher best known for his development of differential and integral calculus independently of Isaac Newton and for his optimistic philosophical system.