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:
Answer:
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Step-by-step explanation:
what's the question
Answer:
I KNOW the answer...IT IS (A)
Easy!
All you have to do is make a number lower or higher according to the symbols and make it unique.
For example, on letter B, it says ____ - ____ = <1
So what you want to do is make it 0 - 0 = <1
Answer: 13-5/6 is 12 and 1/6
Step-by-step explanation:
Mark me as brainliest if this helps!
