The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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brainly.com/question/19819099
When two fractions have the same denominator, you can compare which fraction is greater by just comparing the numerators.
For example, if you have 2/5 and 3/5, the denominators are the same. So you can just look at the numerators. 3 is greater than 5, so 3/5 is greater than 2/5.
The reasoning to this is that the two numbers are divided by the same number (5), so you can compare the original numbers (numerators).
Well since you subtract 8 from the original and now you have 32 you should add 8 which means the answer is 40 degrees Fahrenheit. tell me if i’m wrong
Maybe search up Algebra calculator and type in the equation? idk
