Same here, we do a quick switcharoo on the variables first,
The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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Answer:
f(x) 3x 10
Step-by-step explanation:
x = the number
the function = Three time a number plus 10.
f(x) = 3x + 10
The answer is 1/5 because there’s 5 shirts but a 20% change which is also 1/5 she’ll pick the blue one.
Answer:
c
Step-by-step explanation:
subsidized means that they pay for it
