Answer:
y₀.₉₅ = 3659
Step-by-step explanation:
P( no accident ) = 0.8
P( one accident ) = 0
deductible = 500
mean = 3000
<u>Determine the 95th percentile of the insurance company payout </u>
Assuming : y =company payout , x =amount of loss incurred due to accident
Then :
P( x < 500 ) = 0.2 ( 1 - e^-500/3000)
= 0.2 ( 1 - e^-1/6 )
95th percentile =
= P( y < y₀.₉₅ ) 0.95
P( y = 0 ) = 0.8 + 0.2 ( 1 - e^-1/6 ) = 0.8307
attached below is the remainder of the solution
Answer:
A = 28.3 cubic inches; P = 20.1 inches
Step-by-step explanation:
<em>Looks like 3/4 of a full circle</em>
<em>The area of a circle is calculated with the formula: </em>
<em>Since the problem wants pi = 3.14, we use 3.14 instead of pi in the equation.</em>
<em>The radius is given as 3 inches</em>
Area = cubic inches = 28.3 cubic inches
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<em>Perimeter is calculated with </em><em>.</em>
<em>But this is 3/4 of a circle with an additional two 3-inch sides</em>
Perimeter = + 2(3) = 14.1 + 6 = 20.1 inches