Subtract thats how you get it
Answer:
C
C
C
THE MONEY
Step-by-step explanation:
You can use the fractions 3/18 and 5/12.
Hope this helps :)
Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
Jack would have $9,317 more than Henry. I can’t really show work, sorry
