Answer:
y₀.₉₅ = 3659
Step-by-step explanation:
P( no accident ) = 0.8
P( one accident ) = 0
deductible = 500
mean = 3000
<u>Determine the 95th percentile of the insurance company payout </u>
Assuming : y =company payout , x =amount of loss incurred due to accident
Then :
P( x < 500 ) = 0.2 ( 1 - e^-500/3000)
= 0.2 ( 1 - e^-1/6 )
95th percentile =
= P( y < y₀.₉₅ ) 0.95
P( y = 0 ) = 0.8 + 0.2 ( 1 - e^-1/6 ) = 0.8307
attached below is the remainder of the solution
CAN SOMEONE PLEASE HELP ME ANSWER THIS QUESTION
Answer:
Here I labeled it
Step-by-step explanation:
Step-by-step explanation:
- You can use the distributive formula to answer:
a(b - c) = ab - ac
2(3x - 1) - 3x + 4
6x - 2 - 3x + 4
- Simplify by the common terms:
3x + 2
That is the answer
Hope that helped!!
~A̷l̷i̷s̷h̷e̷a̷♡
Answer:
I will do that buddy. I'll have fun