Could you help me with Q16？Thanks a lot e. $24.00QUESTION 16Is it worthwhile economically to purchase the annual towing insurance atcost of $50.00?a. Yes, since E(X) is greater than $50.00b. Yes, since E(X) is less than $50.00c. No, since the E(X) is greater than $50.00d. No, since E(X) is less than $50.00QUESTION 17Information for Questions 17 and 18: Medication overdoses in nursing homes can be dangerous and eelderly people are underweight, the problem of over-dosage can occur quite often. Suppose the nationaConnecticut nursing homes believes that its' over-dosage rate is comparable to the national over-dosagea medication overdose.Assuming that this corporation's nursing home rate is the same as the national rate, find u and O foa.u=5 and a=5 ICH OF CHILDRENO c. 0.60O d. 0.03O e. 0.0294QUESTION 15Information for Question 15 - 16: Erinn must decide whether to add the cost of towing insurance to ber car insurance policy The additional cost is $50 annually, She has an older car that is not super reliable. She decides toanalyze her expected annual towing costs and then she will decide whether it is cost effective for her to buy the towing insurance or not. She estimates the probability that her car will break down and need to be towed onceduring the year is 0.15. She also estimates that the probability that it will need to be towed twice during the vear is 0.10 Lastly, she believes that it is extremely unlikely that it will need to be towed more that twice, so sheassigns probability of 0 to having the car towed more than twice. The typical price of towing a vehicle in CT is approximately $225.00. Let the random variable X- Erinn's towing charges annually. To begin her analysis shecompletes the table below:X- Amount Spent on TowingProbabilityErinn's car does not need to betowed$0.00Erinn's car needs to be towedonce during the yearErinn's car needs to be towedtwice during the yearCalculate E(X). (Note: EX) - her expected average annua towing charges.)O a. $78.75O b. $45.00O c. $240.00O d. $62.00O e. $24.00lick Save and Submit to save and submit. Click Save All Answers to save all answers.

Question

Accepted Answer

X = Amount spending on towing

Probability

Does not need to be towed

$ 0

0.75

Needs…

Is it worthwhile economically to purchase the annual towing insurance at a cost of $50.00? a. Yes, since E(X) is greater than $50.00 b. Yes, since E(X) is less than $50.00 C. No, since the E(X) is greater than $50.00 d. No, since E(X) is less than $50.00