Answer:
y = 3x - 12
Step-by-step explanation:
The equation of a line in slope- intercept form is
y = mx + c ( m is the slope and c the y- intercept )
Here m = 3, thus
y = 3x + c ← is the partial equation
To find c substitute (3, - 3) into the partial equation
- 3 = 9 + c ⇒ c = - 3 - 9 = - 12
y = 3x - 12 ← equation of line
It may be can be number 1 (a)
Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
