Two numbers are in the ratio of 3 to 4. If nine is subtracted from each, they are in the ratio of 3 to 5. Find the numbers.
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Answer:
The expected loss is $275 million.
Step-by-step explanation:
Expected loss can be determined as the sum of the product of each possible loss by the its probability of occurence. In this situation, there are only two possible losses listed since the probability of no loss doesn't add any value to the expected loss and should be disregarded.
Expected loss (in millions) = EL
The expected loss is $275 million.
Pick any value for x, like x = 0, plug it into the equation, and get the value for y. For x = 0,
2(0) + y = 5
y = 5
The ordered pair is (0,5). Find other ordered pairs using the same reasoning.