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Hampton has purchased the insurance policy from an insurance company to cover the value of his house in case if it gets destroyed due to

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Hampton has purchased the insurance policy from an insurance company to cover the value of his house in case if it gets destroyed due to a fire for the price of $2400 per year. Hampton's house is worth 5270000 and the probability that fire destroys the house during the length of the policy is estimated to be 0.5%. Let X be the insurance company's profit. Answer the following questions: 1. Create the probability distribution table for X : X outcome profit a: ,$ P(X : an] the house is destroyed a. E[X] = #X = dollars. (Round the answer to 1 decimal place.) b. SD[X] = 0'}; 2 dollars. {Round the answer to 1 decimal place.)

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