Answer:
65.21739130434783
Step-by-step explanation:
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:
Step-by-step explanation:
Given
Point (4,-5)
Required
Determine the line equation
From the question, we understand that the line is parallel to
This implies that they have the same slope, m
A linear equation is:
Where
By comparison: and
Next, we determine the line equation using:
Where
and
Hence,
<em>Option C is correct</em>
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Answer:
Yes that's correct!! Nice work!! (: You're doing great.
Step-by-step explanation:
