. An insurance company offer contracts for a certain peril. In a contract period, which is 6 months, the following payoffs can o
ccur: payoff Prob. Of loss 15000 0.015 12000 0.023 8000 0.028 6000 0.035 Find the average payoff per contract in a contract period. If the company has to cover its operating cost which is a 12% overhead and make a 4% profit what should be the yearly premium which must charge for each contract? What is the probability that a contract will incur losses not exceeding $9,200 during a contract period?
1 answer:
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Answer:
The answer is 364. There are 364 ways of choosing a recorder, a facilitator and a questioner froma club containing 14 members.
This is a Combination problem.
Combination is a branch of mathematics that deals with the problem relating to the number of iterations which allows one to select a sample of elements which we can term "<em>r</em>" from a collection or a group of distinct objects which we can name "<em>n</em>". The rules here are that replacements are not allowed and sample elements may be chosen in any order.
Step-by-step explanation:
Step I
The formula is given as
n (objects) = 14
r (sample) = 3
Step 2 - Insert Figures
C (14, 3) = =
=
=
= 364
Step 3
The total number of ways a recorder, a facilitator and a questioner can be chosen in a club containing 14 members therefore is 364.
Cheers!
Answer:
Step-by-step explanation:
We are given the following in the question:
Let be the proportion of the internet sales and
be the proportion of the store sale.
Hypothesis:
We have to conduct a hypothesis to check that the Internet sales are more than 10 percent higher than store sales.
Thus, we can design the null and alternative hypothesis as:
Alternate Hypothesis:
The alternate hypothesis states that the proportion of the internet sales is greater than the proportion of store sales by 10 percent.