Answer:

Step-by-step explanation:
Rolling a even: 
Coin on heads: 
×
Answer:
Step-by-step explanation:
x+y=12
x-y=18
Now eliminate the y by adding the two equations together to get
2x=30
x=15
then solve for y.
15+y=12
15-y=18
y= -3
Answer:
20.4131
Step-by-step explanation:
You need to have only 4 decimal places after , last decimal being approximated
Answer:
y₀.₉₅ = 3659
Step-by-step explanation:
P( no accident ) = 0.8
P( one accident ) = 0
deductible = 500
mean = 3000
<u>Determine the 95th percentile of the insurance company payout </u>
Assuming : y =company payout , x =amount of loss incurred due to accident
Then :
P( x < 500 ) = 0.2 ( 1 - e^-500/3000)
= 0.2 ( 1 - e^-1/6 )
95th percentile =
= P( y < y₀.₉₅ ) 0.95
P( y = 0 ) = 0.8 + 0.2 ( 1 - e^-1/6 ) = 0.8307
attached below is the remainder of the solution