Answer:
= 215008. 21 in²
Step-by-step explanation:
For this case we can use the following rule of three:
$ 500 ---------> 100%
$ 400 ---------> x
Clearing x we have:
x = (400/500) * (100) = 80%
Therefore, the percentage of decrease in the rent is:
p = 100-x
p = 100-80
p = 80%
Answer:
a proportion can be used to calculate p is:
p = 100 - ((400/500) * (100))
16 pounds because 7258 grams goes into 16.001
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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