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QUESTION 33 Suppose you take out an auto insurance policy that costs $144.77 por month. The table below contains all the incidents that are covered

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QUESTION 33 Suppose you take out an auto insurance policy that costs $144.77 por month. The table below contains all the incidents that are covered under the policy along with their probability and expected loss and amount of the deductible you must pay. Expected Incident Probability loss Deductible Minor accident 0.0280$ 2.400$ 500 Major accident 0.0120 15,200 500 Thelt, vandalism, or acts of God 0.0150 1,400 250 Property damage 0.0180 2,850 250 Medical expenses 0.0100 7,600 1,000 Liability claims 0.0008 373,000 1.000 What is the expected value of this auto insurance on an annual basis? Round your answer to the nearest whole dollar. Do not use $ or commas. For example, if your answer is positive $519.48, type 519. If your answer is negative $502.48, type -502

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