Here we are given the information that an insurance agent receives 16% commission on every premium paid.
Now we are given that a premium of $497.69 is paid.
Let us say $x is the commission paid on the policy with a premium of $497.69.
Let us try to find the amount x here.
So we have to find 16% of 497.69 to get the commission amount x.
So finding 16% of 497.69.
x= 16% of 497.69 = 0.16*497.69 = 79.63
Answer: Commission of $79.63 is paid on a policy with a premium of $497.69.
Using the binomial distribution, there is a 0.0874 = 8.74% probability that not enough seats will be available.
<h3>What is the binomial distribution formula?</h3>
The formula is:
The parameters are:
- x is the number of successes.
- n is the number of trials.
- p is the probability of a success on a single trial.
For this problem, the values of the parameters are given by:
n = 15, p = 0.85.
The probability that not enough seats will be available is P(X = 15), as the only outcome in which not enough seats will be available is when all 15 people who bought the ticket show up, hence:
0.0874 = 8.74% probability that not enough seats will be available.
More can be learned about the binomial distribution at brainly.com/question/24863377
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Answer:
$390,900
Step-by-step explanation:
Given:
Initial payment = $965
New rapayment = $925 when she decided to refinance her ballon payment with a 30 year mortgage
In this case, a 5/25 ballon mortgage simply means loan repayment for the first 5 years is at a fixed rate.
Which means the total amount she paid in the first five years was=
12 * 5 * $965 = $57,900
When she refinanced the payment with a 30 year mortgage, her total payment = $925 * 12 * 30years = $333,000
Total financed cost Patricia paid =
$57,900 + $333,000 = $390,900
Answer:
I think true
Step-by-step explanation:
i am not sure but f(1)=5 hereA=1 andB=5 so i belif this is true function
Answer:
x= 1/2 and x= -3
Step-by-step explanation:
Let's solve your equation step-by-step.
2x2+5x−3=0
Step 1: Factor left side of equation.
(2x−1)(x+3)=0
Step 2: Set factors equal to 0.
2x−1=0 or x+3=0
x=
1
2
or x=−3
