Answer:
x=63/8
Step-by-step explanation:
9/8=x/7
or, 9*7=x*8
or, 63=8x
x=63/8
Answer:
The expected value for the insurance company is $200
Step-by-step explanation:
In order to calculate the expected value for the insurance company we would have to make the following calculation:
expected value for the insurance company=expected value live+expected value die
expected value live=Net gain*probability of living
expected value live=$300*0.999=$299.70
expected value die=Net gain*probability of die
expected value die=(-$100,000 + $300)*0.001
expected value die=$-99.70
Therefore, expected value for the insurance company=$299.70-$99.70
expected value for the insurance company=$200
The expected value for the insurance company is $200
Answer:
I assume you want the equation for the line in y=mx+b form, if not, you can just transfer this form to standard or intercept. y=(-3/4)x+2.5
Step-by-step explanation:
Since you have the slope and a point, plug in the points to the equation y=9-3/4)x+b to get 4=(-3/4)(-2)+b and solve.
