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goldenfox [79]
4 years ago
12

❗️HELP❗️ I need help with part a,b, and c. Idk if I got part a and b correct pls help me! Thank you

Mathematics
1 answer:
finlep [7]4 years ago
3 0
U want me to help u with all
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Suppose the claim size of an auto collision insurance, X, is uniformly distributed on the interval $1,000 to $10,000. What is th
timurjin [86]

Answer:

35.35%

Step-by-step explanation:

If there were no deductibles, the expected claim payment would be:

E(X) = \frac{10,000 +1,000}{2} \\E(X) =\$5,500

If the collision insurance claim is under $2,000, then the insurer would not pay anything, but if X > $2,000, then the insurer would pay X - $2,000. The new expected value is:

E_2(X)=\frac{2,000-1,000}{10,000-1,000} *0+\frac{10,000-2,000}{10,000-1,000}*\frac{(2,000-2,000)+(10,000-2,000)}{2} \\E_2(X)=\frac{8}{9}*\frac{0+8,000}{2}\\ E_2(X)=\$3,555.56

The percentage reduction on the claim payment is:

P=(1-\frac{E_2(X)}{E(X)})*100 \\P=(1-\frac{3,555.56}{5,500})*100\\P=35.35\%

There was a 35.35% reduction.

8 0
3 years ago
PLSSS HELP IF YOU TURLY KNOW THISS
Phoenix [80]

Answer:

2x + 3y +1

Step-by-step explanation:

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2x + 3y + 1

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Please solve for the hypotenuse of a right triangle having legs 6 and 8. *
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Step-by-step explanation:

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6 0
3 years ago
Apothem =<br> Side =<br> Radius =<br> Perimeter =<br> Area =
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Step-by-step explanation:

4 0
4 years ago
2 tables. Table 1 is titled Population data with entries 2, 4, 8, 5, 1, 1, 10, 5, 4, 2, 3, 3. Table 2 is titled Sample data with
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