Answer:
a) Expected Value of Claims = $32,000
b) Average premium per claim, in order to break-even on claim costs
= $5,333.33
c) To make a profit of $60 per policy (i.e. a total profit of $360 ($60 x 6), it must charge:
= $5,393.33 per policy
Step-by-step explanation:
a) Data and Calculations:
Amount of Claim Probability Expected Value
$0 0.60 $0
$50,000 0.25 $12,500
$100,000 0.09 9,000
$150,000 0.04 6,000
$200,000 0.01 2,000
$250,000 0.01 2,500
Expected Cost of claims = $32,000
b) Average premium per claim, in order to break-even on claim costs
= Total Claim cost divided by number of policies
= $32,000/6 = $5,333.33
c) To make a profit of $60 per policy (i.e. a total profit of $360 ($60 x 6), it must charge:
Total Claim cost + Total profit / 6 or Average Premium plus Profit per policy =
= ($32,000 + $360)/6 or $5,333.33 + $60
= $32,360/6 or $5,393.33
= $5,393.33
20+20+5/10+7/1000 I think
Answer: 4/3 hours or 1 1/3 hours
Step-by-step explanation:
From the question, we are told that two mechanics, Martin and Gordon, are working on your car. Martin can complete the work in 4 hours, while Gordon can complete the work in 2 hours.
Since Martin can complete the work in 4 hours, that means in 1 hour, he will do 1/4 of the work.
Since Gordon can complete the work in 2 hours, that means in 1 hour, he'll do 1/2 of the job.
When they both work together, we will add their fraction of work done in one hour together. This will be:
= 1/4 + 1/2
= 3/4
This means that both of them will do 3/4 of the job in one hour. Then to get the time taken to get the whole job done, we divide 1 by 3/4. This will be:
= 1 ÷ 3/4
= 1 × 4/3
= 4/3 hours
= 1 hour 20 minutes.
In one
Answer:
1. Reflect ABC about the line AC and then translate 1 unit to the right.
2. Translate ABC 1 unit to the right and then reflect it about the line AC.
Step-by-step explanation:
We are given that,
ABC is transformed using glide reflection to map onto DEF.
Since, we know,
'Glide Reflection' is the transformation involving translation and reflection.
So, we can see that,
ABC can be mapped onto DEF by any of the following glide reflections:
1. Reflect ABC about the line AC and then translate 1 unit to the right.
2. Translate ABC 1 unit to the right and then reflect it about the line AC.
Hence, any of the two glide reflection will map ABC onto DEF.
You can use the quadratic formula with it which will be easier
or simple factoring
it will be (5x-11)(7x+4)
