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:
Step-by-step explanation:
r²+8r=−7
Step 1: Subtract -7 from both sides.
r²+8r−(−7)=−7−(−7)
r²+8r+7=0
Step 2: Use quadratic formula with a=1, b=8, c=7.
r=

Every hour it snowed O.5 inch ;)
Answer:
a = bh/-h + 2
Step-by-step explanation!
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