Answer:
about $145.33
Step-by-step explanation:
Consider a group of 15 customers. They will pay ...
15 × $258 = $3870
in premiums each year.
One-third of those, 5 customers, will submit claims for fillings, so will cost the insurance company ...
5 × $110 = $550
And 80% of them, 12 customers, will submit claims for preventive check-ups, so will cost the company ...
12 × $95 = $1140
The net income from these 15 customers will be ...
$3870 -550 -1140 = $2180
Then the average income per customer is this value divided by the 15 customers in the group:
$2180/15 = $145.33
_____
<em>Alternate solution</em>
Above, we chose a number of customers that made 1/3 of them and 4/5 of them be whole numbers. You can also work with one premium and the probability of a claim:
258 - (1/3)·110 - 0.80·95 = 145.33
Answer:
0.70275
Step-by-step explanation:
Data provided in the question:
4e²ˣ⁻¹ -1 = 5
now solving for 'x'
⇒ 4e²ˣ⁻¹ = 5 + 1
or
⇒ 4e²ˣ⁻¹ = 6
or
⇒ 
or
⇒ 
now,
taking natural log both sides, we get
⇒ 2x - 1 = 
also,
we know
⇒ 
thus,
⇒ 2x - 1 = ln(3) - ln(2)
or
⇒ 2x - 1 = 1.0986 - 0.6931
or
⇒ 2x - 1 = 0.4055
or
⇒ 2x = 0.4055 + 1
or
⇒ 2x = 1.4055
or
⇒ x = 0.70275
Answer:
7/5 pound
Step-by-step explanation:
if each jar weigths 1/5 pound and you have 7 jars in total, you need to multiply: 1/5*7 = 1/5 * 7/1 = 7/5
Answer:
8/15
Step-by-step explanation:
4/5 x 2/3 = 8/15
or
4/5 x 2/3 = 0.5333
hope this helps ^w^
