How do you solve each absolute value by graphing
1 answer:
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Answer:
the customer's expected value of the cellphone insurance policy is -$38.64. (Option C)
Step-by-step explanation:
Based on the data given, 585/5000 or 11.7% of the total number policies have claims. This means, 100% - 11.7% = 88.3% have not claimed their cellphone insurance.
- In the chart, we are focusing on the customer's end because the question is asking for the customer's expected value↓
- In the chart, if the customer has no claims, then he losses his $48. However, if he has claims, he gains $32 since $80 - 48 = $32. Also, based on the data given by the company, 88.30% have no claims and only 11.7% of the customers have claims.
- To get the expected value, we will multiply -48 and 88.3% as well as 32 and 11.7%. 48 is negative because it indicates a loss.
Therefore, your Answer is -38.64
This is t<span>he </span>Greatest Integer Function,<span> denoted by </span>![y = [x]](https://tex.z-dn.net/?f=y%20%3D%20%5Bx%5D)
<span>. For all real numbers, x, <em>the </em></span><em>greatest integer function</em><span><em> returns the largest </em></span><em>integer</em><span><em> less than or equal to x</em>. In essence, it rounds down a real number to the nearest </span>integer<span>.
a. FALSE. Because f(4.9) will round down to 4.
b. TRUE.
c. no it's not the absolute value function. that has V-shape
d. TRUE.
e. FALSE. because for every unique x-value you don't always get a unique y value. .... f(5)=5, f(5.1)=5, f(5.76)=5, etc.</span>
a. FALSE. Because f(4.9) will round down to 4.
b. TRUE.
c. no it's not the absolute value function. that has V-shape
d. TRUE.
e. FALSE. because for every unique x-value you don't always get a unique y value. .... f(5)=5, f(5.1)=5, f(5.76)=5, etc.</span>