Answer:
the customer's expected value of the cellphone insurance policy is -$38.64. (Option C)
Step-by-step explanation:
Based on the data given, 585/5000 or 11.7% of the total number policies have claims. This means, 100% - 11.7% = 88.3% have not claimed their cellphone insurance.
- In the chart, we are focusing on the customer's end because the question is asking for the customer's expected value↓
- In the chart, if the customer has no claims, then he losses his $48. However, if he has claims, he gains $32 since $80 - 48 = $32. Also, based on the data given by the company, 88.30% have no claims and only 11.7% of the customers have claims.
- To get the expected value, we will multiply -48 and 88.3% as well as 32 and 11.7%. 48 is negative because it indicates a loss.
Therefore, your Answer is -38.64
Answer:
The hiking club's member count increased by 48%.
Step-by-step explanation:
We are given two data values: 25 members and 37 members. We need to determine how many members the club gained first. We can set up an equation where we solve for an unknown, or<em> x</em>, in this case.
The club increased by 12 members, so now we can divide this value by the initial amount of members and multiply the decimal we receive by 100 to express it in percentage form.
Therefore, the club's member count increased by 48%.
Answer:
(4x2 + 1) • (5x - 3)
Step-by-step explanation:
None!
The triangle inequality requires that the sum of any two sides must be greater than the third. Here 4+5<10, so no triangle can be drawn.
Answer:
Option 1 - 56
Step-by-step explanation:
Rise 2 to the power of 2
4*14 = 56