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3 years ago

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

1 answer:

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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!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!PLEASE HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Katena32 [7]

Answer:

question one is 2,251.02

question 2 is 579.58

Step-by-step explanation:

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2 years ago

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A researcher obtained M = 27 for a sample of n = 36 scores selected from a population with µ = 30 and σ = 18. This sample mean c

dusya [7]

Answer:

True

Step-by-step explanation:

Given that:

M = 27, sample of n = 36 scores, µ = 30 and σ = 18.

The z score is used in statistics to determine by how many standard deviations the raw score is above or below the mean. If the z score is positive, the raw score is greater than the mean and if the z score is negative the raw score is less than the mean. The z score is given as:

$z=\frac{x-\mu}{\sigma}$

Given that M = 27, this means that x = 27. Therefore:

$z=\frac{x-\mu}{\sigma}\\\\for \ a\ sample\ size(n):z=\frac{x-\mu}{\sigma/\sqrt{n} }\\\\z=\frac{27-30}{18/\sqrt{36} } =\frac{-3}{3}=-1$

This sample mean corresponds to a z-score of z = –1.00.

7 0

3 years ago

Clint and Max worked out at the gym together today. Clint works out at the gym every 4 days. Max works out at the gym every 6 da

VikaD [51]

Answer:

24 days

Step-by-step explanation:

To determine the number of days until they both work out at the gym on the same day again,

Find the lowest common multiples of 4 days and 6 days

Clint (4 days) = 8, 12, 16, 20, 24, 28, 32

Max (6 days) = 12, 18, 24, 30, 36, 42

The lowest common multiple of ,4 days and 6 days is 24 days

Therefore, the number of days until they both work out at the gym on the same day again is 24 days

7 0

3 years ago

The coach recorded the time it took 15 students to run a mile. The times are as follows: 9:23, 8:15, 9:23, 9:01, 6:45, 6:55, 7:2

r-ruslan [8.4K]

Answer:

Therefore, the four intervals are

(1) 6 - 6.59

(2) 7 - 7.59

(3) 8 - 8.59

(4) 9 - 9.59

The four frequencies are

(1) 4

(2) 3

(3) 1

(4) 6

Step-by-step explanation:

From the data, we have

Interval Frequency

1st 6 - 6.59 4

2nd 7 - 7.59 3

3rd 8 - 8.59 1

4th 9 - 9.59 6

Therefore, the four intervals are

(1) 6 - 6.59

(2) 7 - 7.59

(3) 8 - 8.59

(4) 9 - 9.59

The four frequencies are

(1) 4

(2) 3

(3) 1

(4) 6

5 0

3 years ago

A rectangle school banner has a length of 44 inches, a perimeter of 156 inches , and an area of 1496 square inches. The cheerlea

kakasveta [241]

Since you have the length and the area, you can assume the width

1496/44 = Width Because Area = L * W

Width = 34

So this is a ratio problem

44/11 = ratio

So, the ratio is 4:1
So since we have the width, we can divide the width of the school banner by 4 because of the scale

34/4 = 8.5 = width of the sign

The area of the sign is 8.5*11 = 93.5

and the perimeter is just that,

8.5 * 2 + 11*2 = 39

Perimeter = 39 inches

Area = 93.5 inches²

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3 years ago

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