Answer:
$475
Step-by-step explanation:
There are 3 possible accident in this question
3% chance of losing $2000
0.1% chance of losing $150,000
96.9% chance of losing $0
Then the expected value that you will lose is:
3%* $2000 + (0.1% * $15000) + (96.9% * $0)= $75
Profit made by subtracting the price with the lose. If the company want average profit $400, the charge should be:
average profit = premium price - average lose
premium price= average profit + average lose
premium price= $400 + $75 = $475
Good evening ,
______
Answer:
Bar chart (graph)
___________________
Step-by-step explanation:
Look at the photo below for the details,
:)
Fourth answer
basically the points where y=0
hope this helped
Answer:
5, 42, 15, 82
Step-by-step explanation:
y=4x+2
22=4x+2
20=4x
5=x
y=4(10)+2
y=40+2
y=42
62=4x+2
60=4x
15=x
y=4(20)+2
y=80+2
y=82
