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zzz [600]
3 years ago
6

Last year, 20% of all claims were for weather-related damage (excluding floods), with an average weather-related damage claim be

ing $6,500. What is the expected value (loss or gain) per weather-related claim to Acasa for every customer who chooses plan B?
-$1,380

-$180

$100

$1,180

Acasa Insurance Company offers several plans for home insurance.

Plan A has a $700 yearly premium with a $3,000 deductible.
Plan B has a $1,200 yearly premium with a $1,000 deductible.
Mathematics
1 answer:
mylen [45]3 years ago
7 0

Answer:

100

Step-by-step explanation:

i got it right on the test !!

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dmitriy555 [2]
It's shust the opposite
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3 years ago
Read 2 more answers
United Airlines' flights from Denver to Seattle are on time 50 % of the time. Suppose 9 flights are randomly selected, and the n
Ivanshal [37]

Answer:

<u><em>a) The probability that exactly 4 flights are on time is equal to 0.0313</em></u>

<u><em></em></u>

<u><em>b) The probability that at most 3 flights are on time is equal to 0.0293</em></u>

<u><em></em></u>

<u><em>c) The probability that at least 8 flights are on time is equal to 0.00586</em></u>

Step-by-step explanation:

The question posted is incomplete. This is the complete question:

<em>United Airlines' flights from Denver to Seattle are on time 50 % of the time. Suppose 9 flights are randomly selected, and the number on-time flights is recorded. Round answers to 3 significant figures. </em>

<em>a) The probability that exactly 4 flights are on time is = </em>

<em>b) The probability that at most 3 flights are on time is = </em>

<em>c)The probability that at least 8 flights are on time is =</em>

<h2>Solution to the problem</h2>

<u><em>a) Probability that exactly 4 flights are on time</em></u>

Since there are two possible outcomes, being on time or not being on time, whose probabilities do not change, this is a binomial experiment.

The probability of success (being on time) is p = 0.5.

The probability of fail (note being on time) is q = 1 -p = 1 - 0.5 = 0.5.

You need to find the probability of exactly 4 success on 9 trials: X = 4, n = 9.

The general equation to find the probability of x success in n trials is:

           P(X=x)=_nC_x\cdot p^x\cdot (1-p)^{(n-x)}

Where _nC_x is the number of different combinations of x success in n trials.

            _nC_x=\frac{x!}{n!(n-x)!}

Hence,

            P(X=4)=_9C_4\cdot (0.5)^4\cdot (0.5)^{5}

                                _9C_4=\frac{4!}{9!(9-4)!}=126

            P(X=4)=126\cdot (0.5)^4\cdot (0.5)^{5}=0.03125

<em><u>b) Probability that at most 3 flights are on time</u></em>

The probability that at most 3 flights are on time is equal to the probabiity that exactly 0 or exactly 1 or exactly 2 or exactly 3 are on time:

         P(X\leq 3)=P(X=0)+P(X=1)+P(X=2)+P(X=3)

P(X=0)=(0.5)^9=0.00195313 . . . (the probability that all are not on time)

P(X=1)=_9C_1(0.5)^1(0.5)^8=9(0.5)^1(0.5)^8=0.00390625

P(X=2)=_9C_2(0.5)^2(0.5)^7=36(0.5)^2(0.5)^7=0.0078125

P(X=3)= _9C_3(0.5)^3(0.5)^6=84(0.5)^3(0.5)^6=0.015625

P(X\leq 3)=0.00195313+0.00390625+0.0078125+0.015625=0.02929688\\\\  P(X\leq 3) \approx 0.0293

<em><u>c) Probability that at least 8 flights are on time </u></em>

That at least 8 flights are on time is the same that at most 1 is not on time.

That is, 1 or 0 flights are not on time.

Then, it is easier to change the successful event to not being on time, so I will change the name of the variable to Y.

          P(Y=0)=_0C_9(0.5)^0(0.5)^9=0.00195313\\ \\ P(Y=1)=_1C_9(0.5)^1(0.5)^8=0.0039065\\ \\ P(Y=0)+P(Y=1)=0.00585938\approx 0.00586

6 0
4 years ago
using the slope formula find the slope of the line through the points (0,0) and (3,9) use pencil and paper explain how you can u
maxonik [38]

Answer:

9/3

Step-by-step explanation:

you can't subtract from zero or you can't subtract a number from zero.

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3 years ago
Simple math problem! will mark brainliest!! please help asap
skad [1K]

Answer:

2:1

Step-by-step explanation:

The USA has 46 gold medals.

Russia has 24 gold medals.

Your ratio is 46:24.

Simplifying this, you get about 2:1, and that is your answer.

I hope this helped, and if this did please mark this as brainliest! Thank you, and have a good day!

8 0
3 years ago
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