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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Answer:
202.3 ounces of real silver
Step-by-step explanation:
Another example would be like pizza. If there are 6 slices of pizza in each box, then 2 boxes of pizza would have 6 + 6 slices = 12 slices. It is 6 slices each * 2 boxes = 12 slices total. The same applies to the coin situation, for every additional coin, multiply 0.85 by the number of coins to get the total weight of real silver.
If there are 238 silver coins, then you have 238 0.85 ounces of real silver. Multiplying 238 by 0.85 to simplify gives you 202.3 ounces of real silver.
Answer:
1. no like terms
2. x^ 3 − x^ 2 − x + 1
3.x y + x + y + 1
4.x^ 3 + x^ 2 y + x y^ 2 + y^ 3
Lol
Answer:
sorry wala pa ang math ko jan
