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dexar [7]
3 years ago
13

A corporation is a business that:

Business
1 answer:
dimaraw [331]3 years ago
4 0

Answer:

is probably run by a group of two or more owners

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Student tuition at Boehring University is ​$150 per semester credit hour. The state supplements school revenue by ​$80 per semes
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You can insure a $42,000 diamond for its total value by paying a premium of D dollars. If the probability of loss in a given yea
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E(X) =\sum_{i=1}^n X_i P(X_i)

Replacing the values that we have:

1 = 0.98*a + 0.02(a-42) = 0.98a +0.02a -0.84

And solving for a we got:

1.84 = a

So then the premium value for the insurance on this case should be 1840 dollars.

Explanation:

For this case we can define the random variable X as the gain ( in thousand of dollars) of insurance company

We assume that the premium clase charge and amount of a to the company and we know from the info given that:

p(X=a) = 1-0.02 = 0.98

p(X = a-42) = 0.02

E(X) = 1 represent the expected gain in thousand of dollars

The expected value of a random variable X is the n-th moment about zero of a probability density function f(x) if X is continuous, or the weighted average for a discrete probability distribution, if X is discrete.

And using the definition for a discrete random variable we know that :

E(X) =\sum_{i=1}^n X_i P(X_i)

Replacing the values that we have:

1 = 0.98*a + 0.02(a-42) = 0.98a +0.02a -0.84

And solving for a we got:

1.84 = a

So then the premium value for the insurance on this case should be 1840 dollars.

5 0
4 years ago
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