reonna has purchased the life insurance policy for her fish for the price of $100 per year and Breonna will receive $4000 in case if her fish passes away. The insurance company estimated the probability of her fish passing away during the length of the policy to be 0.5%. Let XX be the insurance company's profit. Answer the following questions: 1. Create the probability distribution table for XX : XX outcome profit xx ,$ P(X=x)P(X=x) fish passes away fish survives 2. Use the probability distribution table to find the following: E[X]=μX=E[X]=μX= dollars. (Round the answer to 1 decimal place.) SD[X]=σX=SD[X]=σX= dollars. (Round the answer to 1 decimal pl

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Breonna has purchased the life insurance policy for her fish for the price of $100 per year and Breonna will receive $4000 in case if her fish passes away. The insurance company estimated the probability of her fish passing away during the length of the policy to be 0.5%. Let XX  be the insurance company's profit. Answer the following questions:

1. Create the probability distribution table for XX :

 XX  outcome profit xx ,$  P(X=x)P(X=x) 
  fish passes away    
 

fish survives

   

2. Use the probability distribution table to find the following:

    1.  E[X]=μX=E[X]=μX= dollars. (Round the answer to 1 decimal place.)
    2.  SD[X]=σX=SD[X]=σX= dollars. (Round the answer to 1 decimal pl
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