Only need help with d, i and 9; thank you!r Neighborhood Insurance sells fire insurance policies to local homeowners. The premium is $300, the probability of a fire is 0.1%, and in the event of a fire, the insured damages (the payout on the policy) will be $290,000. a. Make a table of the two possible payouts on each policy with the probability of each. b. Suppose you own the entire firm, and the company issues only one policy. What are the expected value, variance, and standard deviation of your profit? Expected V . Standard Return arlance Deviation $ 109| 04.015.9000i 9,1660 c. Now suppose your company issues two policies. The risk of fire is independent across the two policies. Make a table of the three possible payouts along with their associated probabilities. Outcome: Outcome: Outcome: No Fire One Fire Two Fires Payout $ 500 o s (209.400) 9 $ (5r9,400} 0 Probability 99.3000 0 % | 02000 9 We 0.0001 0 \"Ii: d. What are the expected value, variance, and standard deviation of your profit? Standard Expected Deviation Return 0 200 Variance 1". Continue to assume the company has issued two policies, but now assume you take on a partner, so that you each own one-half of the firm. Make a table of yourshare of the possible payouts the company may have to make on the two policies, along with their associated probabilities. Outcome: Outcome: Outcome: No Fire One Fire Two Fires 9. What are the expected value and variance of your profit? Expected Variance Standard Return Deviation