The answer to this question is :
2 1/2
Answer:
195.25
Step-by-step explanation:
Consider geometric series S(n) where initial term is a
So S(n)=a+ar^1+...ar^n
Factor out a
S(n)=a(1+r+r^2...+r^n)
Multiply by r
S(n)r=a(r+r^2+r^3...+r^n+r^n+1)
Subtract S(n) from S(n)r
Note that only 1 and rn^1 remain.
S(n)r-S(n)=a(r^n+1 -1)
Factor out S(n)
S(n)(r-1)=a(r^n+1 -1)
The formula now shows S(n)=a(r^n+1 -1)/(r-1)
Now use the formula for the problem
Answer:
Step-by-step explanation:
a) Because you are only receiving $1500 and in exchange you would have to cover for this accident damage in the next year, which could be up to hundred of thousands of dollar. Sure there's a chance the your neighbor might drive safely, but the odds are far more in his favor than yours.
b) The insurance company collect payments from hundred of thousands buyers, making their cash flow up to tens of million dollar. Sure the expected value of accidents might be high but as a company they surely have capital to cover a handful of cases, if their calculation done right.
Well first set up the first ratio as 6/24. That is commercial mins over show time mins. Then to keep the units the same convert 2 hours into minutes which would be 120 minutes. Then set up your next ratio as x/120 since you’re trying to find the commercial minutes. Then cross multiply so that it’s 24x=720 and then x=30 and that’s the amount of commercial minutes for 2 hours.
