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7'27 III LTE [1' Take Quiz Exit D Question 17 3.33 NS Insurance for an appliance costs $20 and the insurance company will guarantee to
7'27 III LTE [1' Take Quiz Exit D Question 17 3.33 NS Insurance for an appliance costs $20 and the insurance company will guarantee to refund $100 if the insured item breaks within 3 years. The insurance company estimates that 5% of the insured items will break within 3 years. Let X be the random variable that assigns to each outcome (item breaks, or not) prot to the company. A negative value of X is a loss. What is the expected value of X (i.e. the expected prot to the company for each insurance policy) 0 5.5 o 14 o 26.15 0 19.16 D Question 18 3.33 NS What is: l'hra nranHulitv n! opt-'anr an oven
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