The probability distribution for damage claims paid by the Newton Automobile Insurance Company on collision insurance follows. 20. Payment (S) 0 500 1000 3000 5000 8000 10000 Probability 85 04 04 03 02 .01 .01 5.3 Expected Value and Variance 243 ted collision payment t would enable the company to break even. The insurance company charges an annual rate of $520 for the collision coverage. b