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Mathematics, 06.06.2020 18:00 jjcooper05

A company offers a flood insurance policy that costs a homeowner $200 per year, and the company will make a payout of $100,000 to the homeowner if they have a flood in that year. The company set this price based on the probability of a flood in the area being 0.001.The table below displays the probability distribution of X=X= the company's profit from one of these policies. No flood FloodX=profit $200 -$99,800P(X) .999 0.001Given that μX=$100, calculate σX. You may round your answer to the nearest dollar.

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A company offers a flood insurance policy that costs a homeowner $200 per year, and the company will...
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