3/ Home - My Missouri State - Missouri State University MINDTAP nment-3 The probability distribution for damage claims paid by the Newton Automobile Insurance Company on collision insurance f Payment ($) Probability 0.85 500 0.04 1,000 0.04 3,000 0.03 5,000 0.02 8,000 0.01 10,000 0.01 a) Use the expected collision payment to determine the collision insurance premium that would enable the company to your answers to two decimal places. If your answer is zero, enter "0". x ($ ) F(x ) xf (x) ($) 0 500 1000 3000 5000 8000 10000 Total