1. \begin{tabular}{|c|c|c|c|c|} \hline & & & Claim Cost Wit & \\ \hline & & & $50,000 Deductible & \\ \hline Probability & Loss & Full Insurance & $500,000 Limit & $700,000 Limit \\ \hline 0.984 & 0 & & & \\ \hline 0.010 & $50,000 & & & \\ \hline 0.004 & $250,000 & & & \\ \hline 0.002 & $750,000 & & & \\ \hline Expected Cla & Cost = & & & \\ \hline \end{tabular} 2. Claim Costs with Probability 0.9335 0.0500 0.0100 0.0050 0.0010 0.0005 Loss 0 2,000 5,000 10,000 50,000 500,000 Expected Claim cost =