28% decrease
Solution:
Calculate percentage change
from V1 = 25 to V2 = 18
(V2−V1)|V1|×100
=(18−25)|25|×100
=−725×100
=−0.28×100
=−28%change
=28%decrease
Answer: Independent event
Step-by-step explanation:
When two events are independent of each other, this means that the probability that one event will occurs does not in any way affects the probability of the occurrence of the other event.
For example, card is picked at random from a deck of cards, and after putting it back,thne another card is picked at random. The probability of picking the cards is not affected by each other since it is put back.
Total coverage = 0.85 x 185,000 = $157,250
Coverage for Loss of Use = 0.25 x 157250 = $39,312.50
