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:
63.90 is greater than63.990
Second option. 1.5% of 2,700 is 40.5. Multiply that by 5 and you get 202.5 add that to 2,700 and you get 2,902.5. Round that and you get 2,903. Hence, the second option is correct.
Ok, so there are 2 men per 7 women so we can just scale up so there are 4 men per 14 women and then 6 men per 21 women but there are 36 performers so we have to keep going till it equals 36 people so 8 men per 28 women = 36 people so 8 men!
Reflection across the y-axis and with a scale factor of 2
