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
4 + 4 + 4 - 1 = 11? Was it supposed to be an equation? I am confused.
Answer:
Step-by-step explanation:
Using the rules of exponents
× = , = , =
Simplifying the product of the first 2 terms
×
= ×
=
Simplifying the third term
5(
= 5 = 5
Performing the division, that is
← cancel on numerator/ denominator leaves
=
Google them? google will have all of them
You can change the denominators so they are alike.
Not sure how there can be two possible answers unless you're mentioning the decimal form:
.775
Tell me if this helps!!