Answer:
this is the most that you can factor it... is there anything more to the q?
Answer:
35.35%
Step-by-step explanation:
If there were no deductibles, the expected claim payment would be:

If the collision insurance claim is under $2,000, then the insurer would not pay anything, but if X > $2,000, then the insurer would pay X - $2,000. The new expected value is:

The percentage reduction on the claim payment is:

There was a 35.35% reduction.
Answer:
n=601
Step-by-step explanation:
Formula used:

Solution:

Where,

As there is no previous estimate for p
Then, p=0.5
Here on using the table

Also,
E=0.04
p=0.5
Thus,
n=600.2279407
On approximating the value,
n=601
Answer:
7
Step-by-step explanation:
7 is approximate to
because 7 is
, and 49 is close to 47