The answer is
7.9306Using the formula in the attached:
Where: xi = sample value; μ = sample mean; n = sample size
1.) Calculate the mean first:
μ = 12.0 + 18.3 + 29.6 + 14.3 + 27.8 / 5
= 102 / 5
μ = 20.4
2.) Using the mean, calculate (xi - μ)² for each value:
(12.0 - 20.4)² = 70.56
(18.3 - 20.4)² = 4.41
(29.6 - 20.4)² = 84.64
(14.3 - 20.4)² = 37.21
(27.8 - 20.4)² = 54.76
3.) Sum the squared differences and divide by n - 1.
μ = 70.56 + 4.41 + 84.64 + 37.21 + 54.76
= 251.58 / 5-1
μ =
62.895 (this is now called sample variance)
4.) Get the square root of the sample variance:
√62.895 =
7.9306
(-6)(-0.4)(-0.5) = (-1)6⋅4⋅5⋅10⁻² = -1.2
Answer:
y₀.₉₅ = 3659
Step-by-step explanation:
P( no accident ) = 0.8
P( one accident ) = 0
deductible = 500
mean = 3000
<u>Determine the 95th percentile of the insurance company payout </u>
Assuming : y =company payout , x =amount of loss incurred due to accident
Then :
P( x < 500 ) = 0.2 ( 1 - e^-500/3000)
= 0.2 ( 1 - e^-1/6 )
95th percentile =
= P( y < y₀.₉₅ ) 0.95
P( y = 0 ) = 0.8 + 0.2 ( 1 - e^-1/6 ) = 0.8307
attached below is the remainder of the solution
Simple.....
always remember the y-intercept is where your line hits the y-axis... or where it hits the vertical axis...
As we can see this line hits the y-axis at (0,3)-->> y-intercept=3
Thus, your answer.
Answer:
$12.31
Step-by-step explanation:
Think of the original rate of pay as being 100%.
If your rate is increasing by 7%, it will now be 107% of the original rate (since 100% + 7% = 107%)
To find 107% of $11.50, convert 107% into a decimal
⇒ 107% = 107/100 = 1.07
then multiply this by the original rate to get the new increased rate:
⇒ $11.50 × 1.07 = $12.305
Rounding this to the nearest hundred = $12.31
Alternatively, you can find 7% of $11.50 and then add this to $11.50.
⇒ 7% = 7/100 = 0.07
Therefore, 7% of $11.50 = 0.07 × $11.50 = $0.805
Add this to the original rate:
$11.50 + $0.805 = $12.305
Rounding this to the nearest hundred = $12.31