Answer:
$37,500
Step-by-step explanation:
We have been given that a house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a loss that results in a $50,000 claim.
We will use loss settlement formula to solve our given problem.
Upon substituting our given values, we will get:
Therefore, they will receive $37,500 from insurance.
Answer:
The degrees of freedom are given by;
The significance level is 0.1 so then the critical value would be given by:
If the calculated value is higher than this value we can reject the null hypothesis that the arrivals are uniformly distributed over weekdays
Step-by-step explanation:
For this case we have the following observed values:
Mon 25 Tue 22 Wed 19 Thu 18 Fri 16 Total 100
For this case the expected values for each day are assumed:
The statsitic would be given by:
Where O represent the observed values and E the expected values
The degrees of freedom are given by;
The significance level is 0.1 so then the critical value would be given by:
If the calculated value is higher than this value we can reject the null hypothesis that the arrivals are uniformly distributed over weekdays