Answer:0.25
Step-by-step explanation:
Just type it in a calculator
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:
Answer:
6 = 413 is a not true statement
Step-by-step explanation:
I've attached my work below
Hope it helps, Let me know if you have any questions/concerns !
Have a nice rest of your day :)
Answer: 4.012
Step-by-step explanation: Hope this helps! :)