The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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Its A because I rememer doing that part and i got it right
Answer:
Step-by-step explanation:
Use PEMDAS:
P Parentheses first
E Exponents (ie Powers and Square Roots, etc.)
MD Multiplication and Division (left-to-right)
AS Addition and Subtraction (left-to-right)
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Answer:
1/3
Step-by-step explanation:
Mel made a quesadilla. He cut 1/10 of the quesadilla to save for later.
Let the whole portion of the quesadilla be represented as 10/10 = 1
The amount of quesadilla Mel left
= 1 - 1/10
= 9/10
Mel then shared the remaining portion among himself and 2 friends.
The amount if each portion that Mel and his friends got is calculated as:
9/10 ÷ 3 friends
= 9/10 × 1/3
= 3/10
Mel and his friends got 3/10 of the remaining quesadilla.
The fraction of the whole quesadilla(10/10) did each person get is calculated as:
10/10 × 3/10/9/10
= 3/10 ÷ 9/10
= 3/10 × 10/9
= 1/3
Answer:
1.37 x 10²
Step-by-step explanation:
136.9140625=1.37 x 10²
