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melisa1 [442]
3 years ago
12

Five people buy individual insurance policies. According to the research, the probability of each of these people not filing a c

laim for at least 5 years is 2/3 . What is the probability that all 5 have not filed a claim after 5 years?
Mathematics
1 answer:
weeeeeb [17]3 years ago
8 0

Answer:

Probability = 0.135

Step-by-step explanation:

Prob (one person doesn't file claim) = 2 / 3 = 0.67

Prob (5 people don't file claim) = p1 doesn't & p2 doesn't ...& p5 doesn't , ie = 0.67 x 0.67 x 0.67 x 0.67 x 0.67

= 0.67^5

= 0.135

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What will your balance be on an investment of $7000 at 2% for 4 years compounded annually.
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The selling price of an item is $600. After 6 months of not selling, it is marked down by 30% . After another 6 months of not se
Bingel [31]

The sale price after both markdowns will be $336

<em><u>Explanation</u></em>

The selling price of an item is $600. After 6 months of not selling, it is marked down by 30%

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and the selling price after first 6 months will be: \$600-\$180=\$420

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4 0
3 years ago
Jack divided his fortune of 92,000 into 8 equal portions.He gave 4 portions to his wife , 1 portion to his son and divided the r
AleksAgata [21]

Answer:

Step-by-step explanation:

Given that Jack divided his fortune of 92,000 into 8 equal portions.He gave 4 portions to his wife , 1 portion to his son and divided the remaining portions equally among 5 charities.

The portion son gets = 1/8 of 92000 = 11500 $

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Each charity gets = 34500/5 = 6900$

Thus we find son gets 11500 dollars while each charity gets 6900 dollars.

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