Answer:
For X, the parameter
is λX = 1/2 and for Y it is λY = 1. Using the formula sheet, Mean is
E[Z] = E[X] + 2E[Y ] = 4. Variance is V ar(Z) = V ar(X) + 4V ar(Y ) = 8.
Answer:
d. $350.00
Step-by-step explanation:
A constant is a number that does not have any variables. The additional cost would depend on the number of persons at attendance so the cost would be $10.00p which is not the constant here. Thus, $350.00 is the only constant in this situation.
The answer is 3
Multiply 6 by 3 to get the total amount of money for the books then minus the answer 18 which you get from 6 x 3 = 18
Then minus 18 from 21 to get $3
21 - 18 = 3
Answer: 
-3 times the square root of 5
=============================================
Explanation:
Let 
Replace all the root 5 terms with x and we go from
to
From here, combine like terms to get
and the last thing to do is replace the x with sqrt(5)
Meaning that,
Answer:
about $145.33
Step-by-step explanation:
Consider a group of 15 customers. They will pay ...
15 × $258 = $3870
in premiums each year.
One-third of those, 5 customers, will submit claims for fillings, so will cost the insurance company ...
5 × $110 = $550
And 80% of them, 12 customers, will submit claims for preventive check-ups, so will cost the company ...
12 × $95 = $1140
The net income from these 15 customers will be ...
$3870 -550 -1140 = $2180
Then the average income per customer is this value divided by the 15 customers in the group:
$2180/15 = $145.33
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<em>Alternate solution</em>
Above, we chose a number of customers that made 1/3 of them and 4/5 of them be whole numbers. You can also work with one premium and the probability of a claim:
258 - (1/3)·110 - 0.80·95 = 145.33
