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Kitty [74]
3 years ago
6

You insurance policy on your car costs $600 a year. If you total your vehicle, you insurance company will pay $25,000 towards a

new vehicle.The probability that you will total your car is .002. What is your annual expected value?
Mathematics
1 answer:
vladimir2022 [97]3 years ago
4 0

Answer:

Your annual expected value is -$550.

Step-by-step explanation:

0.002 probability that you will total your car.

If you total your car, you pay the insurance of $600, but you get the $25,000 insurance. So in total, the net value will be $24,400.

1-0.002 = 0.998 probability that you will not total your car.

In this case, you lose $600.

What is your annual expected value?

Multiply each net value by it's probability.

E = 0.002*24400 - 0.998*600 = -550

Your annual expected value is -$550.

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Sladkaya [172]

Answer:

CBenson1031

Step-by-step explanation:

p = 5 ÷ (12.37 - 1.12)

p = 5 ÷ 11.25

p = 2.25

Step-by-step explanation:

8 0
3 years ago
I NEED HELP WITH THIS QUESTION PLEASE!!
tensa zangetsu [6.8K]

Answer:

They Sold 100 General Tickets And 250 Student Tickets.

Step-by-step explanation:

100x8= 800

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Hope This Helped!

8 0
3 years ago
The length of a rectangle is seven times its width. The area of the rectangle is 175 square centimeters. Find the dimensions of
dimulka [17.4K]

Answer:

<h3>The length is 35cm</h3><h3>The width is 5cm</h3><h3 />

Step-by-step explanation:

Area of a rectangle = l × w

where

l is the length

w is the width

The length is seven times the width is written as

l = 7w

Area of the rectangle = 175 cm²

7w × w = 175

7w² = 175

Divide both sides by 7

w² = 25

Find the square root of both sides

w = √25

w = 5cm

But l = 7w

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7 0
3 years ago
I NEED THIS ASAP, PLEASE HELP!!!
WINSTONCH [101]

Answer: 22.5 ; 5 ; 14

Step-by-step explanation:

Given the dataset:

{20,22,23,24,26,26,28,29,30}

The lower quartile (Q1) = 1/4(n + 1)th term

Where n = number of observations, n = 9

Q1 = 1/4 (9 + 1)th term

Q1 = 1/4(10) = 2.5

We average the 2nd and 3rd term:

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B) The interquartile range(IQR) of the dataset :

{62,63,64,65,67,68,68,68,69,74}

IQR = Q3 - Q1

The lower quartile (Q1) = 1/4(n + 1)th term

Where n = number of observations, n = 10

Q1 = 1/4 (10 + 1)th term

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We take the average of the 2nd and 3rd term:

(63 + 64) / 2

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The upper quartile (Q3) = 3/4(n + 1)th term

Where n = number of observations, n = 10

Q3 = 3/4 (10 + 1)th term

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IQR = 68.5 - 63.5

IQR = 5

C) give the dataset :

{7,8,8,9,10,12,13,15,16}

The upper quartile (Q3) = 3/4(n + 1)th term

Where n = number of observations, n = 9

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We take the average of the 7th and 8th term:

(13 + 15) / 2

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7 0
3 years ago
The attendance at a baseball game was 400 people. Student tickets cost $2 and adult tickets cost $3. Total sales were $1050. How
S_A_V [24]
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5 0
3 years ago
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