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Mila [183]
3 years ago
7

PLEASE HELP!!!! NEED HELP!!!!

Mathematics
1 answer:
Elza [17]3 years ago
4 0
The number of accidents the company will have to pay out for is 1,750. If the payout for each claim (after deductibles) is $8,000, the company’s total payouts will amount to $14,000,000. If the company wants to keep a profit margin of 8%, the premium it must charge is $604.8. The company can set aside a maximum amount of $1,120,000 for this year’s investments.

1.) 25,000 policyholders x 7% accident rate = 1,750
2.) 8,000 payout x 1,750 number of accidents = 14,000,000
3.) 14,000,000 expense x (1 + 8% profit margin) = 15,120,000 / 25,000 policy holders = 604.8
4.) 8,000 x 8% profit margin = 640 (which is higher than the premium) x 1,750 numer of accidents = 1,120,000 (I'm not so sure with this one tho)
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Answer:

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{(2,2), (3,2), (4,2), (4,4), (5,2), (5,4), (6,2), (6,4), (6,6)}

Step-by-step explanation:

Sample space :

Die roll, then number of coin tosses based on the outcome of the die roll, then number of heada from the toss(es) is recorded along with the outcome of the die roll.

{(1, 0), (1, 1), (2,0), (2,1), (2, 2), (3,0), (3,1), (3,2), (3,3), (4, 0), (4,1), (4,2), (4,3), (4,4), (5,0), (5,1),(5,2), (5,3), (5,4), (5,5), (6,0), (6,1),(6,2), (6,3), (6,4), (6,5), (6,6)}

Event that the total number of head is even:

{(2,2), (3,2), (4,2), (4,4), (5,2), (5,4), (6,2), (6,4), (6,6)}

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