Answer:
0.91517
Step-by-step explanation:
Given that SAT scores (out of 1600) are distributed normally with a mean of 1100 and a standard deviation of 200. Suppose a school council awards a certificate of excellence to all students who score at least 1350 on the SAT, and suppose we pick one of the recognized students at random.
Let A - the event passing in SAT with atleast 1500
B - getting award i.e getting atleast 1350
Required probability = P(B/A)
= P(X>1500)/P(X>1350)
X is N (1100, 200)
Corresponding Z score = 
Answer:
m=-3
Step-by-step explanation:
Since the lines are parallel to each other, their gradients are equal.
∴ gradient of green line = gradient of red line
∴ m = -3
Answer:
The insurance company should charge $1,873.5.
Step-by-step explanation:
Expected earnings:
1 - 0.99813 = 0.00187 probability of the company losing $1 million(if the client dies).
0.99813 probability of the company earning x(price of the insurance).
What premium would an insurance company charge to break even on a one-year $1 million term life insurance policy?
Break even means that the earnings are 0, so:
The insurance company should charge $1,873.5.
<span>x=1/4y+2</span>
−4x+3y=4-------> substitution method
<span> -4(1/4y+2)+3y=4</span>
-y-8+3y=4-
--------> 2y=4+8- ----->y=6
x=1/4y+2-
-----> ¼(6)+2=7/2
the
answer is (7/2,6)
