A cultivator purchases a 5 year insurance policy that covers crop destruction due to frozen rain. Over the 5 year period

A cultivator purchases a 5 year insurance policy that covers crop destruction due to frozen rain. Over the 5 year extent, the cultivator will receive a benefit of 20 for respectively year contained by which frozen rain destroys his crop, subject to a maximum of 3 benefit payments. The probability that frozen rain will verbs the farmer’s crop surrounded by any given year is 0.5, independent of any other year.
Calculate the expected benefit that the cultivator will receive over a 5 year time of year.

Answers:
unsure if I am awareness the give somebody the third degree - where on earth are you from because I enjoy never hear of a 5 year crop hailstones policy - what is the total liability guartantee

policy would one and only pay packet out 20% per year - and lone pays out for 3 of the 5 years? so you pay 100% of the premium for 60% of a claim?
That sounds resembling a homework assignment, not an insurance cross-examine. Please give more detail if you enjoy a serious grill.

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