Answer
Step-by-step explanation:
b)x=-1,-3
Answer:A=144 P=40
Step-by-step explanation:
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Step-by-step explanation:
The answer is 1 1/2 from figure 1 to figure 2
Plan A
Cust Cost = 3000 deductible + 750 yearly premium = $3750
Acasa Cost = 6500 claim -3000 cust deductible -$750 cust yearly premium = $2750 cost to Acasa.
Plan B
Cust Cost = 1000 deductible + 1200 yearly premium = $2200
Acasa Cost = 6500 claim - 1000 cust deductible - 1200 cust yearly premium = $4300 cost to Acasa.
answer
The expected value per claim for every customer who chooses plan B is $4300
The expected value per claim for every customer who chooses plan A is $2750