Answer:
$150
Step-by-step explanation:
In this case, we have a random variable with four possible outcomes
0, 1000, 5000 and 10000
and four possible probabilities of occurrence
0.83, 0.10, 0.05 and 0.02
respectively.
The expectation of this random variable is (* means multiplication),
0.83*0 + 0.10*1000 + 0.05*5000 + 0.02*10000 = 100 + 250 + 200 = 550
This represents the amount of money the company expects to pay a customer in a given year.
As the deductible is $500, the customer would pay $500 in case of an accident, so the company would only have to pay
$550 - $500 = $50.
So, if the company wishes a profit of $100, the premium amount should be $150.
Answer:
D) Mary is filling 36 cups per min, which is faster than Jorge
Answer: X=1
Step-by-step explanation:
The hypotenuse is √2 which means that x²+x²=(√2)² using Pythagoras
Simplify and solve
2x²=2
x²=1
X=√1
X=1
