Answer:
25000
Step-by-step explanation:
25 * 1000 = 25000
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:
They are already both positive numbers, so the absolute value of 2 is 2, and the absolute value of 1/3 is 1/3.
The numbers included in this interval are from -12/17 and on.
