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Natalka [10]
4 years ago
8

In a given year there is a 3% chance you will get in a small accident costing around $2000 and 0.1% chance you will get in a maj

or accident costing around $150,000 and a 96.9% chance you will not get in any accident what premium should insurance company charge if they want an average profit of $400
Mathematics
1 answer:
Wittaler [7]4 years ago
8 0

Answer:

$475

Step-by-step explanation:

There are 3 possible accident in this question

3% chance of losing $2000

0.1% chance of losing $150,000

96.9% chance of losing $0

Then the expected value that you will lose is:

3%*  $2000  + (0.1% *  $15000) + (96.9% * $0)= $75

Profit made by subtracting the price with the lose. If the company want average profit $400, the charge should be:

average profit = premium price - average lose

premium price= average profit + average lose

premium price= $400 + $75 = $475

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8 0
3 years ago
How many 1/3 are in 3/4
maksim [4K]
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3 years ago
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Help plz I need the answer real quick???
Fudgin [204]

Answer:

Distance between mall and library is 6.32 miles.

Step-by-step explanation:

Coordinates of the door to the library is at (2, 4) and door to the mall is at (8, 4).

Since, distance between two points (x_1,y_1) and (x_2,y_2) is given by,

Distance = \sqrt{(x_2-x_1)^2+(y_2-y_1)^2}

By this formula,

Distance between (2, 4) and (8, 4) will be,

Distance = \sqrt{(8-2)^2+(2-4)^2}

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               = 6.32 miles

4 0
3 years ago
A jogger running around a rectangular park takes a shortcut back to her car by jogging from one corner of the park to the diagon
coldgirl [10]

Answer:the short cut is 55 meters.

Step-by-step explanation:

The park around which the jogger jogged is rectangular in shape. The Short cut that the jogger jogged through to her car is the diagonal of the rectangle. The diagonal becomes the hypotenuse of the rectangle. The sides of the field becomes the opposite side and adjacent side of the triangle. To determine the length of the diagonal, we would apply Pythagoras theorem. It is expressed as

Hypotenuse^2 = opposite side^2 + adjacent side^2

Hypotenuse^2 = 44^2 + 33^2 = 3025

Hypotenuse = √3025

Hypotenuse = 55 meters

8 0
3 years ago
the radius of a cylinder is 3.5ft. The height is 14ft. Find the surface area and volume of the cylinder to the nearest tenth of
grandymaker [24]
The surface area of a cylinder is the sum of the top + bottom + body, right?
The top and the bottom are circles with the same radius 3.5 . And we know that the area of a circle is r^2pi, (don't forget we have 2 circle, so, the answer must be multiplied by 2)
Now, the body: the body is just a rectangular with the width is the height of the cylinder and the length is the circumference of the circle. 
The circumference = 2 r pi
the height is given
All you need to do is to calculate them and add them up. You need to work out to get the answer. 
8 0
3 years ago
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