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:
Answer:
From left to right, -3/2, -4/5, -3/10, 1/2, 7/8, 4/3
Step-by-step explanation
So what we're trying to do here is to order the numbers from greatest to least.
Let's start off with the negative numbers.
-3/10, -4/5, -3/2.
Now what we want to do is give them all a common denominator to figure out which one is the least of that group.
-3/10,-8/10,-15/10.
Now on to the positive numbers.
1/2, 4/3, 7/8
Turn the denominator into 24.
12/24, 32/24, 21/24
Then put them all in order.
Answer:
-18.4 + 35.4
Step-by-step explanation:
Use the method keep; change; flip.
Keep the negative -18.4
Change the minus sign to a plus sign
Flip the -35.4 to a positive 35.4
Even though the equations are different the answer is still the same.
Hope this helps!
