Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
Answer:
Peppa does not know
Step-by-step explanation:
The length of the third smallest table is 1.6 because 7.8 is more than 3.5 and 3.5 is more than 1.6,
There is no picture given for us to answer the question!