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Adam has purchased the insurance policy from an insurance company to cover the value of his new car in case if it gets totaled for

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Adam has purchased the insurance policy from an insurance company to cover the value of his new car in case if it gets totaled for the price of $1400 per year. Adam's car worth $20000 and the probability of him totaling the car during the length of the policy is estimated to be 0.7%. Let X be the insurance company's profit. Answer the following questions: 1. Create the probability distribution table for X : X profit P(X = :12) a: ,5 outcome car is totaled car is not totaled 2. Use the probability distribution table to find the following: a. E[X] = [1.x 2 dollars. (Round the answer to 1 decimal place.) b. SDPQ 2 (IX 2 dollars. (Round the answer to 1 decimal place.)

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