Answer:
y₀.₉₅ = 3659
Step-by-step explanation:
P( no accident ) = 0.8
P( one accident ) = 0
deductible = 500
mean = 3000
<u>Determine the 95th percentile of the insurance company payout </u>
Assuming : y =company payout , x =amount of loss incurred due to accident
Then :
P( x < 500 ) = 0.2 ( 1 - e^-500/3000)
= 0.2 ( 1 - e^-1/6 )
95th percentile =
= P( y < y₀.₉₅ ) 0.95
P( y = 0 ) = 0.8 + 0.2 ( 1 - e^-1/6 ) = 0.8307
attached below is the remainder of the solution
Answer:
R125 profit was made
Step-by-step explanation:
R375-250=R125
R125+R250=R375
Answer:
y=5x-2
Step-by-step explanation:
Answer: See explanation
Step-by-step explanation:
You didn't really say what you need to calculate but let me try to help out.
From the question, we are informed that an airport shuttle service charges $15 plus $1.15 per mile and that an equation is written as y=mx+b, where y is the cost for x miles.
The equation can be expressed as:
y = 15 + 1.15x
where,
15 = y intercept and this is the initial fixed cost
1.15 = slope and this is the cost per mile
x = number of miles
