Answer:
a) 0.0002
b) 0.0057
c) 0.0364
Step-by-step explanation:
Lets start by stating the probabilities of a person belonging to each policy:
Standard: 0.3
Preferred: 0.5
Ultra- Preferred: 0.2
The probability of person belonging to each policy AND dying in the next year:
Standard: 0.3 x 0.015 = 0.0045
Preferred: 0.5 x 0.002 = 0.001
Ultra- Preferred: 0.2 x 0.001 = 0.0002
a) The probability a ultra - preferred policy holder dies in the next year is 0.001. To find the probability of a person being both a ultra - preferred policy holder AND die in the next year is: 0.001 x 0.2= 0.0002
b) The probability is given by adding the probabilities calculated before :
0.0045 + 0.001 + 0.0002 = 0.0057
c) We use the results above again. This is 0.0002 / (0.001 + 0.0045). The answer comes out to be 0.0364
Answer:
y = 2x - 200
Step-by-step explanation:
The function type that would model this relationship is linear because for each bracelet sold, the jazz band would increase their profit by $2. Since it has a consistent rate, it is linear. Using the slope-intercept formula of y = mx + b, where 'm' is the rate and 'b' is the initial value, you can use $2 for the rate or cost per bracelet and -$200 for the initial value or cost of supplies:
y = 2x - 200, where '2' is the cost per bracelet, 'x' the number of bracelets sold, '-200' is the cost for supplies and 'y' is the profit.
Answer: Watch explanations
Step-by-step explanation:
Answer:
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Step-by-step explanation:
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