Toby, an ohio real estate broker, misrepresented to allen that toby was licensed in michigan under michigan's statute regulating real estate brokers. allen signed a standard form listing contract agreeing to pay toby a 6% commission for selling allen's home in michigan. toby sold allen's home. under the circumstances, allen is:

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value