Answer:
B.
Step-by-step explanation:
also if you wouldnt mind giving me brainliest, im just trying to rank up. only if u dont mind though.
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:
A
Step-by-step explanation:
Answer:
s = 4/21
Step-by-step explanation:
Move all terms not containing s to the right side of the equation, then solve.
