The company charges an annual rate of $520 for collision coverage. What is the expected value of the policy for a policyholder? (It is the expected payments from the company minus the cost of coverage. If required enter a negative value as a negative number.

ew History Bookmarks Window Help ng.cengage.com C WSU Google PNC Huntington LCNB Glenwood VSee My MSU Celerity Doxyme WEBEX Cengage Zoom AccessO Hero 31 Home - My Missouri State - Missouri State University He Week-4 - QBA775-898-FA21: Quantitative Meth MINDTAP gnment-3 The probability 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