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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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brainly.com/question/19819099
<u>We are given:</u>
An even number 'n', multiplied by the next consecutive even number is 168
<u>Solving for n:</u>
From the given statement, we can say that:
n(n+2) = 168 [<em>n multiplied by the next even number 'n+2'</em>]
n² + 2n = 168
n² + 2n - 168 = 0 [<em>subtracting 168 from both sides</em>]
We can see that we now have a quadratic equation, solving using splitting the middle term
n² + 14n - 12n - 168 = 0
n(n + 14) -12(n + 14) = 0 <em>[factoring out common terms</em>]
(n-12)(n+14) = 0
Here, we can divide both sides by either (n-12) OR (n+14)
Checking the result in both the cases:
(n + 14) = 0/(n-12) (n-12) = 0/(n+14)
n + 14 = 0 n - 12 = 0
n = -14 n = 12
Both these values are even and since we are not told if the number 'n' is positive or negative, both 12 and -14 are the possible values of n
Answer:
4/3 ft
Corrected question;
Francine has a piece of wood that is five 5/12 feet long she uses three 1/4 feet of the wood from a science project how much for just Francine have left.
Step-by-step explanation:
Given;
Francine has a piece of wood that is five 5/12 feet long.
Total amount of wood T = 5 × 5/12 ft = 25/12 ft
she uses three 1/4 feet of the wood from a science project.
Amount of wood Used U = 3 × 1/4 = 3/4 ft
The amount of wood left equals the total amount of wood minus the amount of wood used;
The amount of wood left L = T - U = 25/12 - 3/4
L = 25/12 - 9/12
L = 16/12
L = 4/3 ft
