Compute the expected value of the figure below. (Give answer into 2 decimal places)

Question 8 Compute the expected value of the figure below. (Give answer into 2 decimal places) PROBABILITIES FOR HOMEOWNERS INSURANCE CLAIMS Amount of Claim (to the nearest $50,000) Probability $0 0.65 $50,000 0.20 $100,000 0.10 $150,000 0.03 $200,000 0.01 $250,000 0.01