A company sells an insurance policy against losses incurred during travel for $15. 40,000 customers buy the insurance policy. Th
e policy pays the full amount claimed up till $5,000. Most policy holders claim nothing, the rest either $500 or $5,000. Each customer has the following probabilities of claiming a certain amount for damages, independent of the other customers.
Claim $0 $500 $5,000
Probability 99% 0.8% 0.2%
Estimate the probability that the company makes a positive net profit across the 40,000 contracts.
1 answer:
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Answer:
I belive it would be $17,600
Step-by-step explanation:
The way I did it might be confusing but.
12% of 8,000 is 960
960 * 10 is 9,600
9,600 + 8,000 = 17,600
The answer is 11:5 ……………….
f(x) = 3x + 7
+ <u>g(x) </u>= <u>2x - 11</u>
f(x) + g(x) = 5x = 4
(f + g)(x) = 5x - 4
i believe it would be a triangle
Answer:
Step-by-step explanation: