Answer:
-$500
Step-by-step explanation:
The expected value of a payment from the policy is ...
$500,000 × 0.002 = $1000
Since the business pays $1500 for the policy, the expected value to the business is ...
$1000 - 1500 = -$500 . . . per year
_____
Of course, the expected value to the insurance company is $500 per year.
_____
We have computed on the basis of 1 claim per year. If we consider the possibility of multiple independent claims, then the expected payment from the insurance goes up by a factor of 1/(1 -0.002) ≈ 1.002004008016.... This has the effect of increasing the expected value by $2.00 per year to -$498.
Answer:
B- 3,500.
Step-by-step explanation:
This is because 3,500 is the lowest number that can be rounded to 4,000.
3,999 and 4,001 can also be rounded but.. (let me show you an image to help).
3,500 < 3,999 < 4,001.
That goes from smallest to largest numbers that round to 4,000.
Hope that helps. x
Answer:
easy so for the copy and go for the second box it would be $0.12 Step-by-step explanation:
1: x divided 7. 2: 10 + x. 3: x - 14. 4: 8x
Answer:
since 5.46 is equal to 5.5...
I think the answer is the first one
