4x-1=x+26
3x-1=26
3x=27
x=9
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Y int = (0,3)
x int = (-5,0)
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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Answer:
2x² - 3x - 2
Explain:
Use the FOIL method: (a +b)(c +d) = ac + ad +bc +bd.
2x² + x - 4x - 2
Collect like terms.
2x² + (x - 4x) - 2
Simplify.
2x² - 3x - 2
Answer:
2.236
Step-by-step explanation:
