If we notice, the decrease in payment after 3 and 5 months, it is a multiple of 150.
So, the equation that models balance b after m months is:
b = 1800 - 150m
Here, - 150 is the slope and it indicates the amount being decreased every month.
Answer:
5/26.
If you count y as a vowel it is 3/13
Step-by-step explanation:
Answer:
the customer's expected value of the cellphone insurance policy is -$38.64. (Option C)
Step-by-step explanation:
Based on the data given, 585/5000 or 11.7% of the total number policies have claims. This means, 100% - 11.7% = 88.3% have not claimed their cellphone insurance.
- In the chart, we are focusing on the customer's end because the question is asking for the customer's expected value↓
- In the chart, if the customer has no claims, then he losses his $48. However, if he has claims, he gains $32 since $80 - 48 = $32. Also, based on the data given by the company, 88.30% have no claims and only 11.7% of the customers have claims.
- To get the expected value, we will multiply -48 and 88.3% as well as 32 and 11.7%. 48 is negative because it indicates a loss.
Therefore, your Answer is -38.64
3-5x = 22
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