Answer:
The expected value for the insurance company is $200
Step-by-step explanation:
In order to calculate the expected value for the insurance company we would have to make the following calculation:
expected value for the insurance company=expected value live+expected value die
expected value live=Net gain*probability of living
expected value live=$300*0.999=$299.70
expected value die=Net gain*probability of die
expected value die=(-$100,000 + $300)*0.001
expected value die=$-99.70
Therefore, expected value for the insurance company=$299.70-$99.70
expected value for the insurance company=$200
The expected value for the insurance company is $200
Answer:
$440588.24
Step-by-step explanation:
Let x be the value of Zlatans house before the increase.
We are told that the value of Zlatans house has increased by 7%. His house is now valued at $749,000. This means that value of house(x) before increase plus 7% of x will be equal to $749000.
We can set this information in an equation as:
Upon combining like terms we will get,
Therefore, the value of the house before increase will be $440588.24.
Step-by-step explanation:
see the photo for explanation
Answer:
you're answer is -2
Step-by-step explanation:
i hope this helped you have a nice day :)