Answer:
$475
Step-by-step explanation:
There are 3 possible accident in this question
3% chance of losing $2000
0.1% chance of losing $150,000
96.9% chance of losing $0
Then the expected value that you will lose is:
3%* $2000 + (0.1% * $15000) + (96.9% * $0)= $75
Profit made by subtracting the price with the lose. If the company want average profit $400, the charge should be:
average profit = premium price - average lose
premium price= average profit + average lose
premium price= $400 + $75 = $475
Answer:
the numbee from left to right :
-1.5
-0.25
0.75
1.25
2.25
Answer:
17/18
Step-by-step explanation:
- 2
9
–
- 7
6
=
-2 × 2
9 × 2
–
-7 × 3
6 × 3
=
-4
18
–
-21
18
=
-4 – -21
18
=
17
18