Need help with question six. May need to do question five too answer number 6. Thanks

5. As the risk manager for a local Hertz car rental location, you want to collect daia on how many of your cars will get into accidents each month and how it will impact revenue. You start by looking into the location and how many customers report getting into a car accident per day. This location of Hertz has 50 cars on the lot that they have available to rent. Below is the data you have collected. a. Calculate the expected frequency of accidents per month. (2 points) b. Calculated the variance. (2 points) 6. Now assume that when accidents do occur, they are random and losses due to the cost of repairs are as follows 60% of the time they cost $1,000,25% of the time they cost $3,000 and 15% of the time they cost $7,000 a. Calculate the expected cost per accident? (2 points) b. Calculate the expected losses for ALL cars per month. (2 points) c. Calculate the expected losses for AlL for the whole year. ( 1 point)