Answer:
Step-by-step explanation:
a) Because you are only receiving $1500 and in exchange you would have to cover for this accident damage in the next year, which could be up to hundred of thousands of dollar. Sure there's a chance the your neighbor might drive safely, but the odds are far more in his favor than yours.
b) The insurance company collect payments from hundred of thousands buyers, making their cash flow up to tens of million dollar. Sure the expected value of accidents might be high but as a company they surely have capital to cover a handful of cases, if their calculation done right.
Subtract 2 from both sides.
Your equation will be: 4x+3=x
Subtract 4x from both sides.
Yoir equation will be: 3= -3x
Divide by -3x on both sides.
Your final answer: x=-1
Answer:
The probability of a customer buying carrots is 0.10.
Step-by-step explanation:
Here, given:
P (Customer buying apples) = 12%
⇒ P(A) = 12 \100 = 0.12
P(Customer Buying apples AND Carrots) = 5%
⇒ P(A ∩ C ) = 5 /100 = 0.05
P(Customer buying apples OR carrots ) = 17%
⇒ P(A∪ C) = 17/100 = 0.17
Now, we know that:
<h3>
P(X ∪ Y) = P(X) + P(Y) - P(X ∩ Y ) </h3><h3>
</h3>
Now, here substituting the values, we get:
P(A∪ C) = P(A) + P(C) - P(A ∩ C )
⇒ 0. 17 = 0.12 + P(C) - 0.05
or, 0.17 - 0.07 = P(C)
or, P(C) = 0.10
or, P(Customer Buying Carrots) = 0.10
Hence, the probability of a customer buying carrots is 0.10.
Multiply amount sold by commission rate:
4500 x 0.13 = 585
She made $585 last week.
Multiply amount made in 1 week by 52 weeks ( 1 year = 52 weeks)
585 x 52 = 30,420
She made $30,420 in 2011
