The premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
First step is to calculated the expected amount to pay
Expected amount=Total loss +50% loss+25% loss
Expected amount=$200,000(0.002)(1)+$200,000(0.01)(0.5)+$200,000(0.1)(0.25)
Expected amount=$400+$1,000+$5,000
Expected amount=$6,400
Second step is to calculate the premium
Premium=Expected amount+ Average profit
Premium=$6,400+$500
Premium=$6,900
Inconclusion the premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
Learn more about insurance premium here:brainly.com/question/24441770
B sndndnndnndnndnds d. Dndndndkdjdkxkxkd
Answer:
b. The number of digits in a randomly selected row until a 3 is found.
Explanation:
A random variable often used in statistics and probability, is a variable that has its possible values as numerical outcomes of a random experiment or phenomenon. It is usually denoted by a capital letter, such as X.
In statistics and probability, random variables are either continuous or discrete.
1. A continuous random variable is a variable that has its possible values as an infinite value, meaning it cannot be counted.
2. A discrete random variable is a variable that has its possible values as a finite value, meaning it can be counted.
Also, any random variable that meets certain conditions defined in a research study.
Hence, an example of a geometric random variables is the number of digits in a randomly selected row until a 3 is found.
ACTS help you get into a better college depending on how well you do. SATs is a preparation for the acts
