1. (15%) Assume that Z follows a standard normal distribution, i.e. Z~N(0, 1), σ is a constant, and X = . please compute the value of the expectation given by E[Max(X-1,0)] +E[Min(X-1,0)].
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. please compute the value of the expectation
given by E[Max(X-1,0)] +E[Min(X-1,0)].