Answer: Suppose that the starting salaries for faculty at Super University ... distribution with mean of $80,000 and standard deviation of $10,000. ... chosen starting faculty member has a salary greater than $90,000? ... If a teacher is selected at random, find the probability that he or she makes more than $36,000.
Explanation:
Answer:
0.15 % of American women have a shoe size greater than 12.6
Explanation:
*See the attached photo.
The premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
First step is to calculated the expected amount to pay
Expected amount=Total loss +50% loss+25% loss
Expected amount=$200,000(0.002)(1)+$200,000(0.01)(0.5)+$200,000(0.1)(0.25)
Expected amount=$400+$1,000+$5,000
Expected amount=$6,400
Second step is to calculate the premium
Premium=Expected amount+ Average profit
Premium=$6,400+$500
Premium=$6,900
Inconclusion the premium that the insurance company should charge each year to realize an average profit of $500 is $6,900.
Learn more about insurance premium here:brainly.com/question/24441770
For example, monthly capitalization with annual rate of interest means that the compounding frequency is 12, with time periods measured in years. The effect of compounding depends on: The nominal interest rate which is applied and. The frequency interest is compounded.
