part d and g

Check my work Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $350, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $340,000. a. Make a table of the two possible payouts on each policy with the probability of each. Outcome A: Outcome B: No Fire Fire! $ 350 s (339,650) Payout d. What are the expected value, variance and standard deviation of your profit? Variance Expected Return $ 20 Standard Deviation g. What are the expected value and variance of your profit? Expected Return Variance Standard Deviation $ 10 Check my work Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $350, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $340,000. a. Make a table of the two possible payouts on each policy with the probability of each. Outcome A: Outcome B: No Fire Fire! $ 350 s (339,650) Payout d. What are the expected value, variance and standard deviation of your profit? Variance Expected Return $ 20 Standard Deviation g. What are the expected value and variance of your profit? Expected Return Variance Standard Deviation $ 10