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Whitepunk [10]
3 years ago
10

An insurance company pays Tommy a $400 commission for selling a $100,000 insurance policy. At this rate, what would be Tommy’s c

ommission for selling a $25,000 insurance policy ?
Mathematics
1 answer:
ololo11 [35]3 years ago
6 0

Answer:

$100

Step-by-step explanation:

He gets paid a commission of $400 for a $100,000 insurance policy. We need to find out how much he's gonna get paid for a $25,000 insurance policy.


Break down the $100,000 into four equal amounts if possible, which it is:

$25,000

$25,000

$25,000

$25,000

Now break down his commission of $400 for the $100,000 insurance policy into four equal amounts if possible, which it is:

$100

$100

$100

$100

Now since we split them up into four equal parts you can tell how much he would get paid for a $25,000 insurance policy.

He would get paid $100 for the $25,000

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In a batch of 100 parts, 40 are red, 50 are L-shaped and 22 are both red and L-shaped. What is probability that a part picked fr
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Let us revise some rules of probability

The addition rules are:

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  • P(A or B) = P(A) + P(B) - P(A and B) ⇒ non-mutually exclusive (if they  have at least one outcome in common)

∵ A batch has 100 parts

∵ 40 are red

- Probability of an event is the [even occurs/total outcomes]

∴ P(red) = \frac{40}{100}=0.4

∵ 50 are L-shaped

∴ P(L-shaped) = \frac{50}{100}=0.5

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∴ P(red and L-shaped) = \frac{22}{100}=0.22

This is non-mutually exclusive because there is a common between them, so we will use the 2nd rule

∵ P(red or L-shaped) = P(red) + P(L-shaped) - P(red and L-shaped)

∴ P(red or L-shaped) = 0.4 + 0.5 - 0.22

∴ P(red or L-shaped) = 0.68

The probability that a part picked from this batch at random is either red or L-shaped is 0.68

Learn more:

You can learn more about the probability in brainly.com/question/2254182

#LearnwithBrainly

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