An insurance company issues a policy for a diamond ring worth $15,000 for an annual premium of $225.00. If the company figures the probability of the ring to be lost or damaged is 0.005, what is the company's expected profit?  Round your answer to nearest cent.  (e.g.  $135.789 would enter as 135.79)

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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An insurance company issues a policy for a diamond ring worth $15,000 for an annual premium of $225.00. If the company figures the probability of the ring to be lost or damaged is 0.005, what is the company's expected profit? 

Round your answer to nearest cent.  (e.g.  $135.789 would enter as 135.79)

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