Answer: A>7
Step-by-step explanation:
Answer:
0.1037
Step-by-step explanation:
(6C4 × 12C3)/18C7
3300/31824
275/2652 = 0.1037
Answer:
Step-by-step explanation:
Use the formula to find the z-score, then go to the table that will give you the probability that the value is less than this z-score.
The probability that the value lies to the left of 1 on a standard bell curve is 84.1345%, or 84%, the third choice down.
Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
