Your answer is D. You have to find where the lines are in the middle so your answer is D.
The expected value of this policy to the insurance company is $285.00.
Using this formula
Policy expected value=Insurance policy charges-[(Probability × Claim)+(Probability × Claim)]
Let plug in the formula
Policy expected value=$1,300-{(.0041)($150,000)+(.08)($5,000)]
Policy expected value=$1,300-($615+$$400)
Policy expected value=$1,300-$1,015
Policy expected value=$285.00
Inconclusion the expected value of this policy to the insurance company is $285.00
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Answer:
C
Step-by-step explanation:
(x,y) = p + t(a)
(x,y) = (-1,6) + t(3,-1)
(x,y) - (-1,6) = t(3,-1)
(x + 1, y - 6) = t(3, -1)
Answer:
105 text messages
Step-by-step explanation:
7.70 divied by 154 = 0.05
0.05 per text massage
5.25 divided by 0.05 = 105
to check work:
105 times 0.05 = 5.25
