Answer:
-$500
Step-by-step explanation:
The expected value of a payment from the policy is ...
$500,000 × 0.002 = $1000
Since the business pays $1500 for the policy, the expected value to the business is ...
$1000 - 1500 = -$500 . . . per year
_____
Of course, the expected value to the insurance company is $500 per year.
_____
We have computed on the basis of 1 claim per year. If we consider the possibility of multiple independent claims, then the expected payment from the insurance goes up by a factor of 1/(1 -0.002) ≈ 1.002004008016.... This has the effect of increasing the expected value by $2.00 per year to -$498.
Answer:
$39,000
Step-by-step explanation:
This is the best answer because you recieve the most money. 2630*12 is 31560 dollars, and 665*52= $34580.
Answer:
226
Step-by-step explanation:
To find the percentage of a given value, firstly convert to a decimal by dividing by 100:
82 ÷ 100 = 0.82
Now, multiply this decimal by the number of tickets:
275 x 0.82 = 225.5
Because you can't sell half a ticket, round up.
This means the total of tickets they need to sell is 226.
Hope this helps!
Answer:
3||7
Step-by-step explanation:
Answer:
All real numbers of x.
Step-by-step explanation:
5x+10=5(x+2) have the exact same equations on both sides.
5x+10=5x+10
If both are graphed, they will intersect each other for every value of x.
