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2 years ago

11

Jerry has an insurance policy with a premium of $150 per month. In June, he’s in an accident and receives a bill with a total co

st of $6000. His deductible is $1500, and his coverage limit is $4000. How much total money will he owe in june?

1 answer:

bazaltina [42]2 years ago

3 0

$250

COVERAGE LIMIT-DEDUCTIBLE = $4000-$1500 = 2500

$2500/10 = $250

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Which statement is false about liquidity?

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Answer:

Option D. Both A and B

Explanation:

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3 years ago

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In the past, the policy-making relationship between states and the federal government was called Dual federalism, since there was a clear separation of policy responsibility between the two levels.

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1 year ago

Repair calls are handled by one repairman at a photocopy shop. Repair time, including travel time, is exponentially distributed,

wolverine [178]

Answer:

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Given that :

Repair time, including travel time = mean of 1.6 hours per call.

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i.e mean rate R = 2.1/day

Time = 8 hours

thus; mean rate μ = 8 hours/ 1.6 hours = 5

(a)

Let the average number of customers awaiting repairs be $I_i$ :

$I_i = \dfrac{R^2}{\mu (\mu-R)}$

$I_i = \dfrac{2.1^2}{5 (5-2.1)}$

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The system utilization is determined as follows:

$\delta = \dfrac{R}{\mu}$

$\delta = \dfrac{2.1}{5}$

${\delta = 0.42}$

$\mathbf{\delta = 42}$

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Percentage of Idle time = 1 - $\delta$

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Percentage of Idle time = 0.58

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(d)

the probability of two or more customers in the system by assuming Poisson Distribution is:

P(N ≥ 2) = 1 - (P₀+ P₁)

where;

P₀ = 0.58

P₁ = 0.58 × 0.42 = 0.2436

P(N ≥ 2) = 1 - ( 0.58 + 0.2436)

P(N ≥ 2) = 1 - 0.8236

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