Answer:
Step-by-step explanation:
4x - 1 < 11
Add 1 on both sides.
4x - 1 + 1 < 11 + 1
4x < 12
Divide both sides by 4.
(4x)/4 < 12/4
x < 3
Jill Hartman earns $750 per week plus 3% of sales in excess of $6,500. If Jill sells $25,000 in the first week, her earnings are
1 answer:
You might be interested in
Answer:
y₀.₉₅ = 3659
Step-by-step explanation:
P( no accident ) = 0.8
P( one accident ) = 0
deductible = 500
mean = 3000
<u>Determine the 95th percentile of the insurance company payout </u>
Assuming : y =company payout , x =amount of loss incurred due to accident
Then :
P( x < 500 ) = 0.2 ( 1 - e^-500/3000)
= 0.2 ( 1 - e^-1/6 )
95th percentile =
= P( y < y₀.₉₅ ) 0.95
P( y = 0 ) = 0.8 + 0.2 ( 1 - e^-1/6 ) = 0.8307
attached below is the remainder of the solution
