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Natalka [10]
3 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]3 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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A number cube is labeled 1-6 is rolled 200 times. Numbers 1-4 are rolled 137 times and numbers 5 and 6 are rolled the rest of th
Ainat [17]
No matter the number of times you rolled the dice, the probability of getting a number is always 1/6. But here we can choose 4 numbers ( 1 to 4) hence the probability P( 1 or 2 or 3 or 4) = 4/6 2/3  = 0.6667 = 66.67% (A)
5 0
3 years ago
Study the graph carefully. Which of the following statements is true? The graph is drawn correctly. The titles are misleading. T
Trava [24]
Its the 3rd one because none of them are the same
4 0
3 years ago
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The conversion rate for US Dollars to Costa Rican Colones is 1 USD = 518 Colones.
allsm [11]

The cost of 0.5 kg of bananas is 393.60 Colones as per the given conversion rates

Conversion rate of 1 USD to Costa Rican Colones = 518 Colones

The conversion rate of kg to pounds given in the question: 1 kg = 2.2025 lbs

Cost of one pound of bananas = $0.69

Bananas required to be purchased = 0.5kg

Converting 0.5kg bananas to pounds = 0.5*2.2025 = 1.10125 pounds

Cost of 1.10125 pound of bananas in dollars = 1.10125*0.69 = 0.7598

Cost of 1.1025 pounds of bananas in Colones = 0.7598*518 = 393.60 Colones

Hence, the cost is 393.60

Therefore, the cost of 0.5 kg bananas in Colones is 393.60 Colones

Learn more about conversion rate:

brainly.com/question/2274822

#SPJ1

5 0
1 year ago
HELP PLEASE I NEED THIS DONE ASAP
Nata [24]

a). 0.45 with a line over the 45 means 0.45454545454545... forever.

It's equivalent to  45/99  which is  <em>5/11</em> .

b). 0.45 with a line over the 5 means 0.455555555... forever.

It's equivalent to (0.4 + 0.555555.../10)

The 0.4 part is  4/10

The 0.5555555555.../10 part is  5/90 .

(4/10) + (5/90) = <em>41/90 </em>

c). 0.45 means 45/100 .  That's <em> 9/20</em> .

I don't think you're supposed to be posting unit test questions on Brainly.

6 0
3 years ago
Solve the equation 3(x+1)+2x=1/2(10x-14) <br>Plz show the steps
Umnica [9.8K]

Answer:

x=-2

Step-by-step explanation

1) Remove () and Rewrite

  • 13x+13+2x=1/2x2(5x-7)

2) Collect Like Terms

  • 15x+13=5x-7

3) Move Terms

  • 15x-5x=-7-13

4) Divide Both Sides

  • 10x=-20

ANSWER IS x=-2

8 0
2 years ago
Read 2 more answers
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