Answer:
c. $1,291.30
Step-by-step explanation:
Calculation what will his new annual homeowners insurance premium be
Insurance premium= [$1,106.30+ ($0.37/ $100*$50,000)]
Insurance premium=$1,106.30+$185
Insurance premium=$1,291.30
Therefore what his new annual homeowners insurance premium will be is $1,291.30
Answer: The required expected value is $3.46.
Step-by-step explanation:
Since we have given that
Number of value of 4 or less are
2,3,4
So, there are 12 in numbers.
So, probability would be

Since Aces are considered as the highest card in the deck.
So, remaining probability would be

Amount paid or value of 4 or less = $165
Amount not paid for other case = $45
So, the expected value would be

Hence, the required expected value is $3.46.
Answer:
Ted and Fred
Step-by-step explanation:
As per the question,
Ted and Fred are the owners of a gas station that is they are the owner of their own firm.
As being the owner of their own company, they are the one who is responsible for their loss. That is the firm’s owners always suffer the firm’s risk.
Business Risk: Risk that a business will not be able to cover its operating costs.
So in this case, Lawrence is the employee and legally he is not responsible to suffer any kind of the loss.
So he must be paid his salary on time and in full whether or not the firm is running a profit, a loss, or just breaking even.
As being owner Ted and Fred are responsible to withstand the business risk.
Hence, the person who is legally responsible for bearing the $40,000 loss is Ted and Fred.
Step-by-step explanation:
y=-27
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