Homework: Expected Value and Variance Q1: Find the expected value for ... foo= ( 3 ) ( # ) ( 9 ) J X= 0, 1 , 2 , 3 Q 2: Find the expected value for ... for = 1 ( 1+x ) , 06 X 2 1 , elsewhere Q3 . A pibt wants to insure her plane for $200, 000 The insurance company estimates a total loss w / prob. of 0. 002., 50% loss w/ prob. 0.01, and 25 % loss w/ prob. O. 1. What should the company charge to realize a $ 500 profit? Q4: Find the Stad. Dev * Variance of the following -2 1315 PGA 3 2 .5 Q: Find the Exp. Val A Variance of the following. - 2. 1 @6: Find the Stad.Dev & Variance of the following $2 ( 1 - x ) , OLX- 1 otherwise