Answer:
A. X=40, hope this helps!
So, in order, you have to multiply first. 3x3=9, now you have to do 2+2=4. Since there is a "plus" in between "2+2" and "3x3" you have to add, 9+4=13.
Answer:
The probability that the insurer pays at least 1.44 on a random loss is 0.18.
Step-by-step explanation:
Let the random variable <em>X</em> represent the losses covered by a flood insurance policy.
The random variable <em>X</em> follows a Uniform distribution with parameters <em>a</em> = 0 and <em>b</em> = 2.
The probability density function of <em>X</em> is:
It is provided, the probability that the insurer pays at least 1.20 on a random loss is 0.30.
That is:
⇒
The deductible d is 0.20.
Compute the probability that the insurer pays at least 1.44 on a random loss as follows:
Thus, the probability that the insurer pays at least 1.44 on a random loss is 0.18.
Assuming that the 1.5% annual interest is split into monthly basis with the same amount, then the monthly interest should be: 1.5%/12= 0.125%.
If you put $1000 for annual interest, the saving account would become: $1000*(100%+1.5%)= $1015
If you put $1000 for monthly interest, the saving account would become: ($1000*(100%+0.125%)= $1000*1.0151035559= $1015.10
Then, the money difference should be: $1015.10-$1015= $0.10