Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
Answer:
The difference of ten and five: 10 - 5
The quotient of ten and five: 10 ÷ 5
The product of ten and five: 10 ⋅ 5
The sum of ten and five: 10 + 5
Step-by-step explanation:
difference is subtraction
quotient is division
product is multiplication
sum is addition
Area of the rhombus:
A = d 1 · d 2 / 2
72 = 16 · d 2 / 2
72 = 8 · d 2
d 2 = 72 : 8
Answer: d 2 = 9 yd
