The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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→ 6x² - 2x - 20
→ 6x² + 10x - 12x - 20
→ x(6x + 10 ) - 2 (6x + 10)
→ (6x + 10) (x - 2) .
for
6x - 10 = 0
6x = 10
for x - 2
x = 2
Answer:
A) R = 1900 -24t
B) 1684 billion barrels
C) 79.17 years
Step-by-step explanation:
<h3>A)</h3>
Reserves start at 1900 billion barrels and decrease by 24 billion barrels each year. The value for t=0 is 1900; the value for t=1 is 24 less.
R = 1900 -24t
__
<h3>B)</h3>
For t=9, the reserves will be ...
R = 1900 -24(9) = 1900 -216 = 1684 . . . . billion barrels
__
<h3>C)</h3>
The reserve will be 0 when ...
0 = 1900 -24t
24t = 1900 . . . . . add 24t
t ≈ 79.17 . . . . divide by 24
Reserves will be gone in about 79.17 years.
Volume can be defined as the <u><em>capacity of a given container or a certain object.</em></u>
The radius of the cone is 2 inches.
From the question, we are given the following parameters:
<em>The height of the cone = 12 inches</em>
<em>The volume of the cone = 16 π in³</em>
The formula to find the<u> radius of the cone </u>is given as:
√3V/πh
= √ 3 x 16π / π x 12
= 2 inches
Therefore, the radius of the cone is 2 inches.
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