Answer:
The expectation of the policy until the person reaches 61 is of -$4.
Step-by-step explanation:
We have these following probabilities:
0.954 probability of a loss of $50.
1 - 0.954 = 0.046 probability of "earning" 1000 - 50 = $950.
Find the expectation of the policy until the person reaches 61.
Each outcome multiplied by it's probability, so:
The expectation of the policy until the person reaches 61 is of -$4.
Simply take the numerator (3) and denominator (7) and add them together.
3+7 = 10, which means that the ratio will provide parts that are in multiples of 10 depending on the total
so take 10x = 800
x = 80.
Then multiply this by the numerator and denominator
3*80/7*80 = 240/560.
Answer:
$620
Step-by-step explanation:
20 x 10 = 200 + 420 = 620
hope this helped. :)
p.s. can I get brainliest?
Answer:
4069 millimeters
Step-by-step explanation:
brainiest please
