<span>Explanation for the last step:</span>
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:
1 hour = 60 minutes, so 3 hours = 3 * 60 = 180 minutes.
Her total time was 3 hours and 28 minutes, so 180 + 28 = 208 minutes.
Divide her total time by total miles run:
208 minutes / 26 miles = 8 minutes per mile.
Answer:
24
Step-by-step explanation:
-2×5=-10
-10+34= 24
Answer:
2+3s
Step-by-step explanation:
