X = y - 5
x = 1 - y / 3
I hope this helps. :)
Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
Step-by-step explanation:
28,4 most likely I think
Answer:
8
Step-by-step explanation:
Answer:
Step-by-step explanation:
y = mx +b
Here , m is the slope and b is the y-intercept
y = (1/2)x - 3
y-intercept = -3
