The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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Answer:
100 i think
Step-by-step explanation:
Answer:

Step-by-step explanation:
Let the weight of the bag of sand with an unknown weight be given as "x" pounds. Then, the difference between the weight of an average bag of sand which is given to be as 22.3 pounds, is given as
. Therefore, the absolute value function describing the difference between the weight of an average bag of sand and a bag of sand with an unknown weight will be given as:
.
Let us represent this by f(x) or y. And thus, we get:

I don't Clearly understand your question but I think it is 0.428571