Answer:
$475
Step-by-step explanation:
There are 3 possible accident in this question
3% chance of losing $2000
0.1% chance of losing $150,000
96.9% chance of losing $0
Then the expected value that you will lose is:
3%* $2000 + (0.1% * $15000) + (96.9% * $0)= $75
Profit made by subtracting the price with the lose. If the company want average profit $400, the charge should be:
average profit = premium price - average lose
premium price= average profit + average lose
premium price= $400 + $75 = $475
Answer:
x = 2/9
Step-by-step explanation:
3x = 2/3
3*3x = 2
9x = 2
x = 2/9
Check:
3*2/9 = 2/3
6/9 = 2/3
Step-by-step explanation:
The answers are 60 and 6.86
Answer:
1/4
Step-by-step explanation:
Probability is essentially (# times a specific event occurs) / (# times any general event occurs).
Here, the "specific event" is selecting a multiple of four. The multiples of 4 from 1 to 20 are: 4, 8, 12, 16, and 20 - there are 5 of these. So, the number of times the specific event can occur is 5.
The "general event" is selecting any number out of the 20. Since there are 20 numbers, then there are 20 ways that a general event occurs.
So, the probability is 5/20 = 1/4.
0.80>0.79 Option A is the correct answer
