Answer:
-$500
Step-by-step explanation:
The expected value of a payment from the policy is ...
$500,000 × 0.002 = $1000
Since the business pays $1500 for the policy, the expected value to the business is ...
$1000 - 1500 = -$500 . . . per year
_____
Of course, the expected value to the insurance company is $500 per year.
_____
We have computed on the basis of 1 claim per year. If we consider the possibility of multiple independent claims, then the expected payment from the insurance goes up by a factor of 1/(1 -0.002) ≈ 1.002004008016.... This has the effect of increasing the expected value by $2.00 per year to -$498.
Answer:
$543.84
Step-by-step explanation:
Find the area of the room:
11*12 = 132ft^2
Multiply the area by the cost per square foot:
132*4.12 = 543.84 dollars
Value of the CD after 3 months is given by 300(1 + 0.03 / 4) = 300(1 + 0.0075) = 300 x 1.0075 = $302.25.
Therefore, interest for 3 months = $302.25 - $300 = $2.25
The answer:
the main formula for finding the value of an ordered pair of the inverse of a function f(x) is as following:
if (x, f(x)) is an ordered pair, so the <span>ordered pair of the inverse of f(x) is (x', y') such that x'=f(x) and y'=x,
therefore, </span>If (9,33) is an ordered pair of the inverse of f(x), the <span>ordered pair of the function f(x) is (33, 9)</span>
Percent means parts out of 100
80%=80/100=8/10=4/5
