Answer:
y₀.₉₅ = 3659
Step-by-step explanation:
P( no accident ) = 0.8
P( one accident ) = 0
deductible = 500
mean = 3000
<u>Determine the 95th percentile of the insurance company payout </u>
Assuming : y =company payout , x =amount of loss incurred due to accident
Then :
P( x < 500 ) = 0.2 ( 1 - e^-500/3000)
= 0.2 ( 1 - e^-1/6 )
95th percentile =
= P( y < y₀.₉₅ ) 0.95
P( y = 0 ) = 0.8 + 0.2 ( 1 - e^-1/6 ) = 0.8307
attached below is the remainder of the solution
Answer:
$1125
Step-by-step explanation:
100d + 25h = $$
100(3) + 100(3) + 25(3*3) + 25(3*4) =
300 + 300 + 225 + 300 =
1125
Answer: The required value is
Step-by-step explanation: The given functions are:
We are given to find the value of
We know that, if s(x) and t(x) are any two functions of a variable x, then we have
Therefore, we have
Thus, the required value is
Answer:
8 inches
Step-by-step explanation:
90 miles -------------> represented by 3 inches
1 mile -------------> represented by 3/90 inches
240 miles ----------> represented by 3/90 x 240 = 8 inches