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An individual who has motorcycle insurance from a certain company is randomly selected. Let 1 he the numbers of moving violations for which the individual
An individual who has motorcycle insurance from a certain company is randomly selected. Let 1" he the numbers of moving violations for which the individual was cited during the last 4 years. The pint' of 1" is munn pad .15 .11) as a. Compute E{ I"). I]. Suppose an individual with Y violations incurs a surcharge of $lDY2. Cahzulate the expected amount of the surcharge. c. Compute PIE}
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