Ch11q15Need answers all parts ABC answered

Amount of claim (to the nearest Probability The table shows claims and their $50,000) probabilities for an insurance $0 company. Use the table to answer 0.65 parts a through c. $50,000 0.26 $100,000 0.05 $150,000 0.02 $200,000 0.01 $250,000 0.01 . . . a. Calculate the expected value. EA b. How much should the company charge as an average premium so that it breaks even on its claim costs? EA c. How much should the company charge to make a profit of $50 per policy? $