Just do 8 divided by two and then add 25 to that and you get that answer which is $29
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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Answer:
stop asking questions and u wont have to worry abt that
Step-by-step explanation:
if u stop asking maybe u wont get an answer
Answer:
Step-by-step explanation:
x^2.x^1
=9^2.9^1
= 9 multiplied by 9
=81
9 multiplied by 1
=9
81 multiplied by nine
=585.198599
Answer:
H
Step-by-step explanation:
