Find the expected value for the random variable whose probability function graph is displayed here. AP 0.5- 0.4- 0.3 0.2- 0.1- What is the expected value of the random variable? (Type an integer or a decimal.)

Can someone solve this using Microsoft Excel?   The probability distribution for damage claims paid by the Newton Automobile Insurance Company on collision insurance is as follows. Payment ($) Probability 0 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 Use the expected collision payment to determine the collision insurance premium that would enable the company to break even. The insurance company charges an annual rate of $520 for the collision coverage. What is the expected value of the collision policy for a policyholder? (Hint: It is the expected payments from the company minus the cost of coverage.) Why does the policyholder purchase a collision policy with this expected value?

Based on a survey, assume that 28% of consumers are comfortable having drones deliver their purchases. Suppose that we want to find the probability that when five consumers are randomly selected, exactly three of them are comfortable with delivery by drones. Identify the values of n, x, p, and q. The value of x is 3. (Type an integer or a decimal. Do not round.) The value of p is 0.28 . (Type an integer or a decimal. Do not round.) Question The value of q is (Type an integer or a decimal. Do not round.) Enter your answer in the answer box and then click Check Answer. CinclCh 48 étv 1450

A ping pong ball is drawn at random from an urn consisting of balls numbered 4 through 9. A player wins $1.5 if the number on the ball is odd and loses $1 if the number is even. Let x be the amount of money a player will win/lose when playing this game, where x is negative when the player loses money. (a) Construct the probability distribution table for this game. Round your answers to two decimal places. Outcome Probability P(x) (b) What is the expected value of player's winnings? Round to the nearest hundreth. (c) Interpret the meaning of the expected value in the context of this problem.