Answer:
see below
Step-by-step explanation:
Scientific notation is a * 10 ^b
a must be a number between 1 ( including 1 ) and less than 10
12 is greater than 10 so it is not scientific notation
Answer:
$25.00
Step-by-step explanation:
You already know that $85 is an additional fee added to the monthly fees.
So, you first have to subtract 85 from $685 to get the total amount of monthly fees paid over 2 years.
685-85= 600
So, you can conclude that $600 is the total amount of monthly fees paid.
Now, you want to divide 600 by (the number of months in 2 years) to get the amount of monthly fees.
Since there is 24 months in 2 years you do:
600/ 24 which equals 25.
In conclusion, you can find that the monthly fee is $25.00.
Answer:
a) the probability is P(G∩C) =0.0035 (0.35%)
b) the probability is P(C) =0.008 (0.8%)
c) the probability is P(G/C) = 0.4375 (43.75%)
Step-by-step explanation:
defining the event G= the customer is a good risk , C= the customer fills a claim then using the theorem of Bayes for conditional probability
a) P(G∩C) = P(G)*P(C/G)
where
P(G∩C) = probability that the customer is a good risk and has filed a claim
P(C/G) = probability to fill a claim given that the customer is a good risk
replacing values
P(G∩C) = P(G)*P(C/G) = 0.70 * 0.005 = 0.0035 (0.35%)
b) for P(C)
P(C) = probability that the customer is a good risk * probability to fill a claim given that the customer is a good risk + probability that the customer is a medium risk * probability to fill a claim given that the customer is a medium risk +probability that the customer is a low risk * probability to fill a claim given that the customer is a low risk = 0.70 * 0.005 + 0.2* 0.01 + 0.1 * 0.025
= 0.008 (0.8%)
therefore
P(C) =0.008 (0.8%)
c) using the theorem of Bayes:
P(G/C) = P(G∩C) / P(C)
P(C/G) = probability that the customer is a good risk given that the customer has filled a claim
replacing values
P(G/C) = P(G∩C) / P(C) = 0.0035 /0.008 = 0.4375 (43.75%)
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