Use the point slope formula…
1 answer:
Answer:
y = 3x + 7
Step-by-step explanation:
When lines are parallel, the slope is the same but the y-intercept is not
The blue line is the graph for y = 3x + 2
The slope for the line is 3/1
So the slope for the line containing (-2,1) should be 3/1
I plotted (-2,1) and used the Rise/Sun (3/1) to find a point on the y-axis, the teal point.
I graphed the line in yellow
In y=mx + b, b = 7, and mx = 3x
So the equation is y = 3x + 7
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Answer:
The expected loss is $275 million.
Step-by-step explanation:
Expected loss can be determined as the sum of the product of each possible loss by the its probability of occurence. In this situation, there are only two possible losses listed since the probability of no loss doesn't add any value to the expected loss and should be disregarded.
Expected loss (in millions) = EL
The expected loss is $275 million.