Answer:
the expected value= $90
Step-by-step explanation:
when sell is $600 an average of 1 in 100 will claim $20,000
and an average 1 in 200 will claim $30,000
and an average of 1 in 500 will claim $550,000.
company sells 20,000 policies
The expected profit loss can be written as
= 600 - (1/100 * 20000) - (1/200 * 30000) - (1/500 * 80000)
= 600 - 200 - 150 - 160
= 90
Therefore, the expected value= $90
Answer: 1/4 chance of picking a diamond
Step-by-step explanation:
13 spades + 13 hearts + 13 diamonds + 13 clubs = 52 total
so 13/52 or 1/4
Answer:
1.C
2.A
Step-by-step explanation:
dude trust me
In order to answer this question you must know the meanings of each keyword. In short, here they are:
Sum is for addition
Quotient is for division
Difference is for subtraction
Product is for multiplication
So the "product" of 50 and the number of employees (n) is (50 x n) or B.