An individual who has automobile insurance from a certain company is randomly se

Question

An individual who has automobile insurance from a certain company is randomly selected. Let Y be the number o f moving violations for which the individual was cited during the last 3 years. The pmf o f Y is Compute E(Y) and V(Y).(5pts) Suppose an individual with Y violations incurs a surcharge o f $100 Y+ 50. Calculate the expected amount and its variation o f the surcharge. (5pts) Suppose an individual with Y violations incurs a surcharge of $10072. Calculate the expected amount and its variation of the surcharge.(5pts)

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An individual who has automobile insurance from a certain company is randomly se

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