6b < 42 implies b < 42 / 6 = 7, so it is <span>b < 7
</span>4b + 12 > 8 implies 4b > 8 - 12 = -4, 4b > -4, and then b > -4 / 4 = - 1
the answe is <span>b < 7 or b > -1 </span>
Answer:
11.11%
Step-by-step explanation:
the increased price = 20-18 = $2
the percentage increased = 2/18 ×100%
= 11.11%
Number of accidents = number of policyholders * accident rate = 30,000 * 0.06 = 1,800
Total payout = payout per each claim * number of claims
Number of claims = number of accidents
=> Total payout = $8,200 * 1,800 = $ 14,760,000
Total minimum premium = total payout + profit = $ 14,760,000 + $ 1,740,000 = $ 16,500,000.
Minimum premum charge = total minimum premum / number of policyholders
Minimum premium charge = $ 16,500,000 / 30,000 = $550
Answer: $ 550
Answer:
Step-by-step explanation: