Answer:
y₀.₉₅ = 3659
Step-by-step explanation:
P( no accident ) = 0.8
P( one accident ) = 0
deductible = 500
mean = 3000
<u>Determine the 95th percentile of the insurance company payout </u>
Assuming : y =company payout , x =amount of loss incurred due to accident
Then :
P( x < 500 ) = 0.2 ( 1 - e^-500/3000)
= 0.2 ( 1 - e^-1/6 )
95th percentile =
= P( y < y₀.₉₅ ) 0.95
P( y = 0 ) = 0.8 + 0.2 ( 1 - e^-1/6 ) = 0.8307
attached below is the remainder of the solution
The solution of the linear equations will be ( -2, 4).
<h3>What is an equation?</h3>
It is defined as the relation between two variables, if we plot the graph of the linear equation we will get a straight line.
Given equations are:-
Solving the equations by elimination method:-
2x +3y = 8
3x+y= -2
Multiply the second equation by 3 and subtract from the first equation.
2x +3y = 8
-9x -3y = 6
----------------
-7x = 14
x = -2
Out of the value of x in any one equation, we will get the value of y.
3x+y= -2
3 ( -2) + y = -2
-6 + y = -2
y = 4
The graph of the equations is also attached with the answer below.
Therefore the solution of the linear equations will be ( -2, 4).
The complete question is given below:-
Exploring Systems of Linear Equations 2x +3y =8 and 3x+y= -2. Find the value of x and y and draw a graph for the system of linear equations.
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Answer:
b = -8
Step-by-step explanation:
6b = -42
Divide by 6 on both sides
b = -8