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Neighborhood Incurance selle fire Insurance policies to local homeowners. The premium is $210, the probability of a fire is 0.2%, and in the event of

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Neighborhood Incurance selle fire Insurance policies to local homeowners. The premium is $210, the probability of a fire is 0.2%, and in the event of a fire, the Insured damages (the payout on the policy will be $101300. Suppose you own the entire firm, and the company loses only one policy. What are the expected payout, expected profit, variance and standard deviation of your scenario? (Enterall answers in dollars, rounded to 2 decimal places. Round Profit to the nearest whole dollar Payouts on one pollo Expected Payout Proft Payout Variance Payout Standard Deviation b. Now suppose your company issues to policies. The risk of fires independentScross the two policies. Make stable of the payout and profit song with their associated variances and standard deviations. Enter all answers in dollars, rounded to 2 decimal places. Round Profit to the nearest whole dollar.) Total payout when two pololes have been loud Expected yet Continue to use the com ho esto es un test you the recebe see a soft to the commong the sociales SSRS SE Enterreets in lors, sundes to 2 cilpisces Sound Profit to the nearest whole delle Fayout on accontorship of tne polles

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