1) Daniel-James Insurance company will ensure an offshore Mobil Oil production platform

1)      Daniel-James Insurance company will ensure an offshore Mobil Oil production platform against weather losses for one year. The president of Daniel-James estimates the following losses for that platform(in millions of dollars) with the accompanying probabilities:

Question A: what is the expected amount Daniel james will have to pay to mobil in claims?

Question B: what is the likelihood that Daniel james will actually lose less than the expected amount?

Question C: given that Daniel james suffers a loss, what is the likelihood that it is over 300 million?

Question D: Daniel james has set the annual premium at 2.0 million. does that seem like a fair premium? will it cover its risks?