To triple this number, you can triple the whole number, triple the fraction, then add them together.
3*3=9
1/2*3=3/2 (or 1 1/2)
Add them together.
9+1 1/2= 10 1/2
3 to the power of 1 simplified, is just 3.
The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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brainly.com/question/19819099
Answer:
2/3
Step-by -step explanation:
The answer is 2/3 or 0.66666...
