The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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2x - y = 7
y = 2x - 7 this line has slope = 2
Perpendicular lines, slope is opposite and reciprocal so slope = -1/2
Answer
A . -1/2
It takes the car 2 hours to travel 140 miles.
The answer would be 99, because because if you remove the decimals and the 0's you get 99.
