Answer:
16.4
Step-by-step explanation:
If it is asking for the tenth it will be the 1st one after the point and you round it to the next one.
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:
3x-10+x+8=90
4×-2=90
4x=92
X=23
One angle is 31. 23+8
The second one is 59. 3 (23)-10
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Let's focus on 0.7*0.8 for now.
Start by drawing a large square. Cut this figure into 10 rows and 10 columns. So this means you'll have 10*10 = 100 little squares.
Now highlight the first 7 rows. Shade in all 70 squares (7*10 = 70)
Starting on the left side, highlight the first 8 columns. You'll shade in 80 squares (8*10 = 80)
Use different colors for your highlighting or somehow indicate different shading styles. This way you can see the overlapping region. The overlapping region consists of 56 squares (7 rows, 8 columns ---> 7*8 = 56 little squares)
Each little square represents 0.01, so having 56 of them means we have 0.56
This shows that 0.7*0.8 = 0.56
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How is this different if we had 1.7*0.8? Well we can break 1.7 into 1+0.7 to have
1.7*0.8 = (1+0.7)*0.8
1.7*0.8 = (1)*0.8+(0.7)*0.8
1.7*0.8 = (1*0.8)+(0.7*0.8)
The portion (0.7*0.8) was done earlier. That result was 0.56. So we just need to compute (1*0.8), which is simply 0.8; recall that 1 times any number is that number itself.
Now simply add 0.8 to 0.56 to get 1.36
So, 1.7*0.8 = 1.36
