How to do word problem 7
1 answer:
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Answer:
The expected loss is $275 million.
Step-by-step explanation:
Expected loss can be determined as the sum of the product of each possible loss by the its probability of occurence. In this situation, there are only two possible losses listed since the probability of no loss doesn't add any value to the expected loss and should be disregarded.
Expected loss (in millions) = EL
The expected loss is $275 million.
As the exercise says, the triangles are similar. So, we can set up proportions between correspondent sides.
In order to solve for x we can set up the proportion between the horizontal and vertical sides:
Solving this proportion for x implies
Now you can solve for m and p using the pythagorean theorem, because both triangles are right:
Then, we know that the hypothenuse of the big triangle is m+p, so we have
which implies
<em>Greetings from Brasil...</em>
Let's solve this inequality.
Let's isolate X. For this, the elements that are with it must be sent to both sides:
- 3 < - 4X + 1 < 13
- 3 - 1 < - 4X < 13 - 1
- 4 < - 4X < 12
<h2>- 3 < X < 1</h2><em>important: see annex</em>
