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:
This would be the term referred to as a line segment. I hope this helps!
We know that the area of a circle in terms of π will be πr². However the area with respect to the diameter will be a different story. The first step here is to find a function relating the area and diameter of any circle --- ( 1 )
For any circle the diameter is 2 times the radius,
d = 2r
Therefore r = d / 2, which gives us the following formula through substitution.
A = π(d / 2)² = πd² / 4
<u>Hence the area of a circle as the function of it's diameter is A = πd² / 4. You can also say f(d) = πd² / 4.</u>
Now we can substitute " d " as 4, solving for the area ( A ) or f(4) --- ( 2 )
f(4) = π(4)² / 4 = 16π / 4 = 4π - <u>This makes the area of circle present with a diameter of 4 inches, 4π.</u>
Answer: $7.50
Step-by-step explanation:
150% of $5 is $7.50
