Answer:
$475
Step-by-step explanation:
There are 3 possible accident in this question
3% chance of losing $2000
0.1% chance of losing $150,000
96.9% chance of losing $0
Then the expected value that you will lose is:
3%* $2000 + (0.1% * $15000) + (96.9% * $0)= $75
Profit made by subtracting the price with the lose. If the company want average profit $400, the charge should be:
average profit = premium price - average lose
premium price= average profit + average lose
premium price= $400 + $75 = $475
Answer:
just cuz you WASTED POINTS
Step-by-step explanation:
The correct answer is 8.375
Answer:
model B is shaded to represent 37.5%
here,
=3÷8×100%
=37.5%
Answer:
1/3
Step-by-step explanation:
The ratio is undefined at x=0, so we presume that's where we're interested in the limit. Both numerator and denominator are zero at x=0, so L'Hôpital's rule applies. According to that rule, we replace numerator and denominator with their respective derivatives.
