Answer:
1. The expected pay-out on each policy is 250 * 1/90 + 12000 * 1/100 + 17000 * 1/400 = $165. So that's what the premium would have to be in order to get a profit of 0.
2. The profit per policy is the premium the company receives minus the expected payout = 350 - 165 = $185.
3. The expected profit on 375 policies would be 375 * 185 = $69375
Step-by-step explanation:
Answer:
61 Inches
Step-by-step explanation:
<em>A foot is 12 inches. </em>
1. Multiply 12 by 5.
2. Add the extra inch.
<em>The stack of books is 61 inches high.</em>
The answer is 0.4722. I hope this helps :)
Answer:
4x+8=-24 and
4x=-32
Step-by-step explanation:
2/3(6x+12)=-24
or,12x+24=-72
or,x=-72-24/12
•°•x=-8
4x+8=-24
or,x=-24-8/4
•°•x=-8
4x=-32
or,x=-32/4
•°•x=-8
