1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kenny6666 [7]
3 years ago
7

An insurance company charges Ted $1400 per year for insurance on his home. The company has predicted that there is a 10% chance

that Ted will make a claim on the policy of $5000. Create a probability distribution and determine what the insurance company can expect to make on this policy, on average?
Mathematics
1 answer:
Lyrx [107]3 years ago
3 0

Answer:

The insurance company can expect to make $900 on the policy

Step-by-step explanation:

The given parameters are;

The amount Ted pays per year for insurance on his home = $1,400

The value of the insurance policy = $5000

The chance that Ted will make a claim on the policy = 10%

The expected value is given as follows

Incidence    {}                 Probability        Value                                   v × p

A claim is made  {}          0.1                  $5,000 - $1,400 = -$3,600    -$360

No claim  {}                      0.9  {}               $1,400                                     $1260

Expected value is $1,260 - $360 = $900

The value the insurance company can be expected to make on average on the policy is $900                                                                                      

You might be interested in
♡BRAINLIEST TO RIGHT ANSWER♡
zmey [24]

Answer: 5.1 is the height. I am sooo sorry if I am wrong :(

Step-by-step explanation:

5 0
3 years ago
Lewis has a bag of colored marbles. The bag contains 24 red marbles, 36 blue marbles, and 60 yellow marbles. What are the ratios
Y_Kistochka [10]

I think it's (A). if not it's (C)

7 0
3 years ago
Decrease 18 tonnes by 30%
AVprozaik [17]
18 t - 18 t * 30% = 18 t - 17 * 0,3 = 18 t - 5,4 t = 12,6 t
5 0
3 years ago
Find the area of quadrilateral ABCD
andreev551 [17]

Answer:

<em>A ≈ 28.5</em>

Step-by-step explanation:

a, b, c

P = a + b + c

Semiperimeter s = \frac{a+b+c}{2}

A = \sqrt{s(s-a)(s-b)(s-c)}

~~~~~~~~~~~~~~~

P_{ABC} = 4.3 + 2.89 + 6.81 = 14

s = 14 ÷ 2 = 7

A_{ABC} = \sqrt{7(7-4.3)(7-2.89)(7-6.81)} = √14.75901 ≈ 3.84

P_{BCD} = 8.59 + 7.58 + 6.81 = 22.98

s = 22.98 ÷ 2 = 11.49

A_{BCD} = \sqrt{11.49(11.49-8.59)(11.49-7.58)(11.49-6.81)} = √609.7343148 ≈ 24.6928

A_{ABCD} = 3.84 + 24.6928 ≈ <em>28.5</em>

3 0
2 years ago
A dance floor has a perimeter of 60 meters. The dance floor is 20 meters long. Write an equation to represent the perimeter of t
Jet001 [13]

Answer:

20 meters long and 10 meters wide

Step-by-step explanation:

since the perimeter is 60 and one side of it is 20 then you multiply 20 by 2, 40, to get both sides. Then you subtract 40 from 60 leaving the other two sides as 20, meaning that if you divide 20 by 2 you can find that the width of the dance floor is 10 meters long.

6 0
3 years ago
Other questions:
  • After the expression (x^16)3/4 is simplified as much as possible, x is raised to what exponent?
    14·1 answer
  • Two groups of friends go to a movie. Each ticket costs the same amount. One group spends ​$57. The other group spends ​$95. List
    8·1 answer
  • What is the difference between the integers -11 and -3
    10·2 answers
  • Help please will mark u as brainliest!
    6·2 answers
  • a tank holds 5000 gallons of water, which drains from the bottom of the tank in half an hour. The values in the table show the v
    14·1 answer
  • The radius of a circle with the given dimension being r=17cm
    7·1 answer
  • What do you notice about the graph when it passess through a root of even multiplicity?​
    14·1 answer
  • Whats the answer to 10/y = 2/9
    13·2 answers
  • Help? plzzzz.........
    7·1 answer
  • I need help pleaseeeeeeeeeeeeeeeeeeeeee ill be in trouble if i get it wrong
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!