ASAP and Answer should be typed format only without insert table and image. copied content strictly prohibited remember An auto insurance policy has a $500 deductible, which means that the company only pays the insured person the amount of X-500 in the case that the claim seize X exceeds 500, and nothing otherwise. Find the expected amount that the insurance company will have to pay on a claim, if the probability mass function of the claimed amount X us f(250) = 1/4, f(400) = 1/8, f(650) = 1/8, f(750) = 1/4, f(1000)= 1/8, f(1200)= 1/8