Answer:
<h2>7a +2.........................</h2>
Inductive: determine the pattern
deductive: to calculate the next term
and your problem looks like its deductive
48.4% of 27369....turn percent to decimal..." of " means multiply
0.484(27369) = 13246.596....round down to 13246 horses
A. ABC Your welcome have a great day!
Answer:
-$500
Step-by-step explanation:
The expected value of a payment from the policy is ...
$500,000 × 0.002 = $1000
Since the business pays $1500 for the policy, the expected value to the business is ...
$1000 - 1500 = -$500 . . . per year
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Of course, the expected value to the insurance company is $500 per year.
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We have computed on the basis of 1 claim per year. If we consider the possibility of multiple independent claims, then the expected payment from the insurance goes up by a factor of 1/(1 -0.002) ≈ 1.002004008016.... This has the effect of increasing the expected value by $2.00 per year to -$498.
