Assume that three business owners each own an identical storage building valued at 120,000$. Assume that there is a 1% chance in any year each building will be destroyed by a peril (fire), and that a loss to any of the buildings is an independent event. Assuming that:
• Fire events are independent of each other
• Each building faces same types of risks and environmental conditions. Given that, solve the following questions:
1. Use the compound probability of independent events law to find the sample space of the probability of each possible event
2. Find the annual expected loss for each of the insureds.
3. Find the risk of incurrence of losses (Std dev).

In may you used 400 kilowatt-hours of energy for electricity. a. calculate the total electrical energy use in joules. b. calculate your average power use in watts. c. assume that your power supplier generates electricity by burning oil. note that 1 liter of oil releases 12 million joules of energy. how much oil is needed to generate the electricity you use? give your answer in both liters and gallons. a. the total electrical energy use was nothing _ joules. (type an integer or a decimal.) b. the average power use is nothing _ watts. (round to the nearest whole number as needed.) c. to generate the electricity you used, nothing _ l is needed. (round to the nearest whole number as needed.) to generate the electricity you used, nothing _ gal is needed. (round to two decimal places as needed.)