A store paid $80 for shoes, and ends up selling them for $64. What is the percent change? *
1 answer:
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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
Answer:
Step-by-step explanation:
Hello!
I'll express all the given percentages as probabilities:
Given the events:
Banking online (Bo)
Under the age of 50 (<50)
P(Bo)= 0.30
P(<50)= 0.40
P(Bo ∩ <50)= 0.25
1) What percentage of adults do not conduct their banking online?
The event "adults that do not conduct their baking online" is the complement of the event "adults that conduct their baking online" Symbolically
P()= 1 - P(Bo)= 1 - 0.30 = 0.70
2) What type of probability is 25%?
The probability P(Bo ∩ <50)= 0.25 is a joint probability, it indicates the intersection between both events.
3) Construct a contingency table showing all joint and marginal probabilities.
Check attachment.
4) What is the probability that an individual conducts banking online given that the individual is under the age of 50?
Symbolically:
P(Bo/<50)= <u> P(Bo ∩ <50) </u> = <u> 0.25 </u> = 0.625
P(<50) 0.40
I hope it helps!
