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:
9 x 3 = 27
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Step-by-step explanation:
We conclude that the sum of the first 8 terms of the arithmetic sequence is 17/5.
<h3>
How to get the sum of the first 8 terms?</h3>
In an arithmetic sequence, the difference between any two consecutive terms is a constant.
Here we know that:

There are 7 times the common difference between these two values, so if d is the common difference:

Then the sum of the first 8 terms is given by:

So we conclude that the sum of the first 8 terms of the arithmetic sequence is 17/5.
If you want to learn more about arithmetic sequences:
brainly.com/question/6561461
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Answer:
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Step-by-step explanation: