Answer:
By the time Mike left his house at 12:00 noon, Erik had already traveled: 2 x 70 mph =140 miles.
308 - 140 = 168 miles left.
Let the time when they meet =T
70T + 50T =168 miles, solve for T
T =7 / 5 =1.4 hours, or 1 hour and 24 minutes after 12:00 noon.
12 + 1.4 =1 O'clock + 24 minutes, or 24 minutes after 1:00 pm when they will meet.
The premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
First step is to calculated the expected amount to pay
Expected amount=Total loss +50% loss+25% loss
Expected amount=$200,000(0.002)(1)+$200,000(0.01)(0.5)+$200,000(0.1)(0.25)
Expected amount=$400+$1,000+$5,000
Expected amount=$6,400
Second step is to calculate the premium
Premium=Expected amount+ Average profit
Premium=$6,400+$500
Premium=$6,900
Inconclusion the premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
Learn more about insurance premium here:brainly.com/question/24441770
8 1/3% of Jar B’s marbles need to be moved to jar A to make them equal. This is because:
If Jar A has 100 marbles and B has 120 marbles which is 20% more than Jar A then 10 marbles would have to be moved from Jar B to Jar A. To calculate the percentage it would be 10/120 which reduces to .0833 repeating or 8 1/3%.
Hope this helps :)
