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Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $130, the probability of a fire is 0.1%, and in the event of

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Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $130, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) witl be $120,000, Required: a. Make a table of the two possible payouts on each policy with the probability of each. (Negotive answers should be indicoted with o minus sign.) b. Suppose you own the entire firm, and the company issues only one policy. What are the expected value vaniance, and standard devation of your profit? (Do not round intermediate calculations. Round your standord deviotion to the nearest whole number)

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