Answer:
B. <
Step-by-step explanation:
you dont even have to reduce the fractions to compare the decimals cause 5 is bigger then 4 off the bat.
Answer:$1655.22
Step-by-step explanation:
The total distance from Oakland California to Erlanger Kentucky is 2,364.6 miles. The gas tank gets 25 miles per gallon on the highway. It means that total number of gallons required to cover the distance from Oakland California to Erlanger Kentucky would be
2364.6/25 = 472.92 gallons
If the gas cost $3.50 per gallon, it means that the total amount that it will cost to drive from Oakland California to Erlanger Kentucky would be
472.92 × 3.5 = $1655.22
Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
