This is in Statistics all about Random Variable.. Provide clean and clear complete solutions. Minimize erasures and provide a clear picture of the solutions thank you and Godbless.

1 1. An insurance company insures used cars valued at $6000 under these conditions: A) $6000 will be paid to the owner for total loss; B) for damage between $3000 and $5999, $3500 will be paid; C) for damage between $1500 and 2999, $1000 will be paid; and D) for damage less than $1500, nothing will be paid For the past years, the company knows that in any year the probabilities of A, B, C, and D are 0,03, 0.12, 0.35, and 0.50 respectively. If the company wishes to received $200 more for each policy than its expected payout, what should it charge for the policy