ng.cengage.com C Huntington LCNB Glenwood VSee My MSU Celerity Doxy.me WEBEX Cengage Zoom AccessOH MCBDDS Course Hero HM Week-4 - QBA775-898-FA21: Quantitative Methods-FA21 MindTap - Ceng TAP t-3 Check My obability distribution for damage claims paid by the Newton Automobile Insurance Company on collision insurance follows. Payment ($) Probability 0.85 500 0.04 1,000 0.04 3,000 0.03 5,000 0.02 8,000 0.01 10,000 0.01 se the expected collision payment to determine the collision insurance premium that would enable the company to break even. If swers to two decimal places. If your answer is zero, enter "0". x ($) f(x) xf(x) ($) 0 500 1000 3000 5000 8000 10000 Tota he insurance company charges an annual rate of $520 for the collision coverage. What is the expected value of the collision policy Hint: It is the expected payments from the company minus the cost of coverage.) If required, enter negative value as negative n