1) An insurance policy sells for $250. Based on past data, an average of 1 in 50 policyholders will file a $1,000 claim, an average of 1 in 100 policyholders will file a $4,000 claim and an average of 1 in 500 policyholders will file a $8,000 claim. Find the expected value (to the company per policy sold. If the company sells 50,000 policies, what is the expected profit or loss? 2) Larry rolled a die eight times with the results 31122225 and Juan rolled a die eight times with the results 66556161. Who is more likely to roll a 6 on their ninth roll - Larry or Juan? Explain your