1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gavmur [86]
3 years ago
5

(1) An insurance agency sells various types of insurance policies. 40% of their clients buy auto insurance policies, 30% of thei

r clients buy home insurance policies, and 15% of their clients buy both home and auto insurance policies. a. Compute the probability a randomly selected client buys a home or auto insurance policy.
Mathematics
1 answer:
yaroslaw [1]3 years ago
6 0

Answer:

55% or 0.55(as a decimal)

Step-by-step explanation:

40% of their clients buy auto insurance policies = P(A)

30% of their clients buy home insurance policies = P(H)

15% of their clients buy both home and auto insurance policies = P( A ∩ H)

The probability a randomly selected client buys a home or auto insurance policy = P (A ∪ H) is calculated as

P ( A ∪ H) = P(A ) + P ( H ) - P( A ∩ H)

= 40% + 30% - 15 %

= 70% - 15%

= 55%

Therefore, the probability that a randomly selected client buys a home or auto insurance policy is 55% or expressed as decimal = 0.55

You might be interested in
A manufacturing company is expected to pay a dividend of br. 1.25 per share at the end of the year (D1=br.1.25). The stock sells
Mama L [17]

Answer:

the equilibrium expected growth rate is 6.65%

Step by step Explanation:

We were given stock sold per share of $32.50

Dividend per share =$1.25

Required Return rate = 10.5%

Then we can calculate Percentage of Dividend for share as;

dividend of br. 1.25 per share at the end of the year (D1=br.1.25)

= 1.25×100= 125

Let the dividend percentage = y

stock sold per share × y= 125

125= 32.50y

y = 125/32.50

y= 3.85

y= 3.85*100%

Then the Dividend percentage = 3.85%

Growth rate=(required rate of return -Dividend percentage)

= 10.5 - 3.85 = 6.65

Therefore, the equilibrium expected growth rate is 6.65%

3 0
4 years ago
M - 1 = 2 what do I need to do to solve.
andreyandreev [35.5K]

In order to solve this, start by adding 1 to both sides of the equation.


m-1=2

+1 +1

-----------

m=3


The solution to your equation is 3.


You can also check to see if this is true by replacing m with 3.

m-1=2

3-1=2

7 0
3 years ago
Mr.kiniston jogged how many miles
Dimas [21]
The answer is letter G.
4 0
3 years ago
Read 2 more answers
ASAP plzzz answer 1 and 2!!! Directions are on the screenshot!! 50 pts + Brainliest
jek_recluse [69]

Answer:

- 1 -4 for the botome one

Step-by-step explanation: sorry thats all i got

8 0
3 years ago
Read 2 more answers
How much carbon dioxide will you prevent from entering the atmosphere in one year, if you replace a 100-watt light bulb with a C
Afina-wow [57]

Answer:

280000lb

Step-by-step explanation:

In this question, we shall be calculating the amount of carbon iv oxide prevented from entering the atmosphere.

Generally we know that 1kwh produces 1.37 lbs of Carbon iv oxide in the atmosphere

Now, using a 100 watt light bulb daily for 8 hours, for a year, the amount of Carbon iv oxide produced will be;

100 * 1.37 * 8 * 365 = 40040 lb

Using a 30 watt CFL for 8hrs/ day for a year, we have;

30 * 1.37 * 8 * 365 = 120012 lb

Now calculating the amount of CO2 prevented, we have 40040 - 120012 = 280028 lb = 280000 after rounding up

3 0
4 years ago
Other questions:
  • Find the area of the part of the sphere x2 + y2 + z2 = 100z that lies inside the paraboloid z = x2 + y2.
    8·1 answer
  • Divide £24.50 in the ratio 3:4
    5·1 answer
  • Describe using complete sentences the purpose of the following three tax forms W4 W2 and 1040
    6·1 answer
  • Consider the following information:
    12·1 answer
  • 3 x 5^2 - 6 x 5 =<br> what is the answer to this question?<br> Please help me.
    15·1 answer
  • HELP MEH Which is one factor that affects the type of cloud that will form?
    6·2 answers
  • Assume the random variable X is normally​ distributed, with mean of 50 and a standard deviation of 9. Find the 9th percentile.
    14·1 answer
  • Help help help help!!!!!
    5·2 answers
  • What would be a good estimate of the mean for the data below? Please help I will give brainly!!!
    14·1 answer
  • What is the meaning of foetus?​
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!