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An insurance company needs to determine the annual premium required to break even on fire protection policies with a face value of $ 8 0

An insurance company needs to determine the annual premium required to break even on fire protection policies with a face value of $80,000. If x is the claim size on these policies and the analysis is restricted to the losses $20,000,$70,000, and $80,000, then the probability distribution of x is as shown in the table. What premium should customers be charged for the company to break even? Round your answer to the nearest dollar.
\table[[x,0,20,000,70,000,80,000],[P(x),0.9950,0.0031,0.0011,0.0008]]
a) $202
b) $14
c) $42,500
d) $203
e) $40,600
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