Answer:
Step-by-step explanation:
a) Because you are only receiving $1500 and in exchange you would have to cover for this accident damage in the next year, which could be up to hundred of thousands of dollar. Sure there's a chance the your neighbor might drive safely, but the odds are far more in his favor than yours.
b) The insurance company collect payments from hundred of thousands buyers, making their cash flow up to tens of million dollar. Sure the expected value of accidents might be high but as a company they surely have capital to cover a handful of cases, if their calculation done right.
it is given in the question that
Alpha printing will make 400 brochures for $100. Omega printing will make 1,000 brochures for $100.
For Alpha, cost of 1 brochure is
For Omega,
Cost of 1 brochure is
So choosing Omega printing, you will save
on each brochure .
Answer:
x intercept. The x intercept is the point where the line crosses the x axis. At this point y = 0. y intercept. The y intercept is the point where the line crosses the y axis.
Answer:
b) y = 289.815 when 
Step-by-step explanation:
We are given the following information in the question:
where y is the dependent variable,
are the independent variable.
The multiple regression equation is of the form:
where,
: is the intercept of the equation and is the value of dependent variable when all the independent variable are zero.
: It is the slope coefficient of the independent variable 
.
: It is the slope coefficient of the independent variable 
.
- The regression coefficient in multiple regression is the slope of the linear relationship between the dependent and the part of a predictor variable that is independent of all other predictor variables.
Comparing the equations, we get:
- This means holding constant, a change of one in is associated with a change of 0.5906 in the dependent variable.
- This means holding constant, a change of 1 in is associated with a change of 0.4980 in the dependent variable.
b) We have to estimate the value of y
Let the price of flowers in September be x, then (100 + 20)/100 * x = $1.50
120/100 * x = $1.50
1.2x = $1.50
x = $1.50/1.2 = $1.25
The price of flowers in September is $1.25
Total money realised in September = $1.25 x 900 = $1,125
40% earned = 0.4 x $1,125 = $450
Total money realised in October = $1.50 x 700 = $1,050
40% earned = 0.4 x $1,050 = $420
The class earned more money in September and they earned $30 more than in October.
