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Mathematics, 11.06.2020 16:57 Thejollyhellhound20

An individual who has automobile insurance from acertain company is randomly selected. Let Y be thenumber of moving violations for which the individualwas cited during the last 3 years. The pmf of Y is y p(y) 0 0.6 1 0.25 2 0.10 3 0.05 Suppose an individual with Y violations incurs a surcharge of $ 100 Y squared. Calculate the expected amount of the surcharge.

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