When the insurance company want a plan with a deductible of $4,000, they need to charge a minimum of $18000 for premiums.
<h3>What is a deductible?</h3>
It should be noted that a deductible simply means the amount of money that is paid out of the pocket of the policy holder.
From the information given, each accident costs $18,000 on average. Therefore, this is the minimum amount of premium.
When they want a plan with a premium of $1,000, the amount that they'll need to charge for deductibles will be:
= (4000/18000) × 1000
= $220
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Answer:
47 is your answer
Step-by-step explanation:
please give more information to the question
If he splits it into 4 bottles you have to convert 4/5 into a decimal and you would get .8 then
.8 divided by 4 would be .2 two tenths so there would be. two tenths of a gallon in each bottle
.2
Answer:
Absolute error = $25
Step-by-step explanation:
Given that:
Amount spent by John on shopping trip = $75
Estimated amount to spent on shopping trip = $100
Absolute error = Approximate value - Exact value
Here,
Approximate value = $100
Exact value = $75
Absolute error = 100 - 75
Absolute error = $25
Percentage = 
Percentage = 
Percentage = 33.33%
Hence,
Absolute error = $25
