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 answer to your question is: 1296
Step-by-step explanation:
Data
2000 --------- 900 students
2001 ---------- 180
2002 ---------- ?
900 students ---------------- 100%
180 students ---------------- x
x = (180 x 100) / 900
x = 20%
1080 students ------------- 100 %
x ------------- 20%
x = (20 x 1080) / 100
x = 216
Total number of students = 1080 + 216 = 1296
Answer: 9
Step-by-step explanation: 12*12/16
-5/16 + 18/16
13/16 - answer
Answer:
9.55 inches
Step-by-step explanation:
The diameter of a circle can be found by dividing the circumference by pi or 3.14. 30 divided by 3.14 is approximately 9.55.