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Vera_Pavlovna [14]
3 years ago
11

If Jerry Adams would normally pay $875 for bodily injury

Mathematics
1 answer:
netineya [11]3 years ago
3 0

Answer:

Jerry Adams normally pays $875 for bodily injury and property damage insurance. His insurance company increases premiums by 150% for 1 accident, 200% for 2-3 accidents, and 250% for 4 accidents. Find ... If the probability that he will live through the year is 0.9989, what is the expected value for the insurance policy?

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Answer:

C and D

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The same for Choice D. When you simplify everything there is a 3x on both sides, so it would have no solution.

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