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:
1. 2x
2. 22
Step-by-step explanation:
question 1
f(x)-g(x)
5x-3-(3x-3)
5x-3-3x+3
5x-3x-3+3
2x+0
2x
question 2
f(x)=y
f(-4)= -5(-4)+ (-4/-2)
= 20 + 2
=22
Answer:
Infinitely many
Step-by-step explanation:
12x+1=3(4x+1)-2
Expand 3(4x+1)-2
12x+3-2
12x+1
12x+1=12x+1
Simplify.
0=0
True for all values of x
Answer: The root of 2.3 is 1.5165750888103
Step-by-step explanation:
