An insurance policy sells for $600. Based on past data, an average of 1 in 50 policyholders will file a $5,000 claim, and average of 1 in 100 policyholders will file a $10,000 claim, and an average of 1 in 200 policyholders will file a $30,000 claim. What is the expected value per policy sold?

Answers

Answer 1

Answer:

$250

Step-by-step explanation:

Calculation to determine the expected value per policy sold

Expected value​ per policy sold =$600-(1/50)*$5,000-(1/100)*$10,000-(1/200)*$30,000

Expected value​ per policy sold =$600-$100-$100-$150

Expected value​ per policy sold =$250

Therefore the expected value per policy sold will be $250


Related Questions

Which expression is equivalent to the following expression? -4 (5x - 6)

1.) -20x - 24
2.) -20x + 24
3.) -20x + 6
4.) -20x - 6

Answers

Step-by-step explanation:

2.) -20× + 24

maaf kalo salah

What is the volume of a sphere with a radius of 12 units?
A. 1447 units
B. 230410 units
C. 5767 units
D. 17287 units

Answers

Answer:

7238 units^3

Step-by-step explanation:

The formula for the volume of a sphere of radius 12 units is

V = (4/3)(pi)r^3.  

Here, with r = 12 units,

V = (4/3)(pi)(12 units)^3 = 7238 units^3

Answer:

V = 2304π units³

Step-by-step explanation:

V = (4/3)πr^3

V = (4/3)π(12)^3

V = (4/3)π(1728)

V = 2304π units³

PLEASE HELPP !!! it’s due today

Answers

Answer:

18

Step-by-step explanation:


HELP MEEE

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Question 11 of 40
11 Which ordered pairs are solutions to the inequality graphed in the coordinate plane?
Select all that apply.
A(-3, -8)
B
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Answers

Answer:

this is hard to tell and sorry if I'm wrong but I would say it is only a

Step-by-step explanation:

Aanything in the shaded area is correct if it's not it's wrong

Can someone please help me no links please

Answers

Answer:

x=6

Step-by-step explanation:

3x- 4=14

   +4 +4

    3x=18

      x=6

- 100 points -
Use synthetic division to completely factor:
y= x^3 + 3x^2 - 13x - 15 by x + 5

A - y = (x+5)(x+3)(x-1)
B - y = (x+5)(x+3)(x+1)
C - y = (x+5)(x-3)(x-1)
D - y = (x+5)(x-3)(x+1)

Answers

Answer:

B

Step-by-step explanation:

D) - y = (x + 5)(x - 3)(x + 1).

EXPLANATION:

Table in this case would look like this:

Write coefficients of , ,x and the constant in a row and divisor would be the x value obtained by equation x + 5 = 0.

The sequence of multiplications would be as shown in picture.

x² - 2x - 3

x² - 3x + x - 3

x(x - 3) + 1(x - 3)

(x + 1)(x - 3)(x + 5).

In the binary dependent variable model, a predicted value of 0.6 means that A. the most likely value the dependent variable will take on is 60 percent. B. given the values for the explanatory variables, there is a 60 percent probability that the dependent variable will equal one. C. the model makes little sense, since the dependent variable can only be 0 or 1. D. given the values for the explanatory variables, there is a 40 percent probability that the dependent variable will equal one.

Answers

Answer:

B. Given the values for the explanatory variables, there is a 60 percent probability that the dependent variable will equal one.

Step-by-step explanation:

Given

Model: binary dependent variable

Predicted value: 0.6

Required

Interpret

The possible values of a binary dependent variable are 0 or 1.

So, a predicted value means that, the chance that the dependent variable will be 1 equals to the predicted value.

Since the predicted value is 0.6 (or 60%), this means that; there is a 60% chance that the dependent variable = 1.

Hence, option (b) is true.

A circular patio has a diameter of 16 feet . how many square feet of tile will it take to cover the patio

Answers

Answer:

201.1 square feet

Step-by-step explanation:

The radius (r) of the patio is 16/2 = 8

Area of a circle is π[tex]r^{2}[/tex] so [tex]8^{2}[/tex]π = 201.0619298 or 64π

Answer:

It will take 113.10 ft² of tiles to cover the patio.

Step-by-step explanation:

area of a circle formula: A = πr²

The diameter is twice the length of the radius. To find the radius, divide the diameter by 2:

16/2 = 8

To find the area of the circular patio, apply the radius to the formula A = πr²:

A = π6²

A = 113.10 ft²

Find sin(a) in the triangle.
Choose 1 answer:

Answers

Answer:

sin B sorryonlearning

I'm begging you please please help please please ASAP please please help please please ASAP please please help please please ASAP please please help please please ASAP

Answers

Answer:

15

Step-by-step explanation:

the height of the person is y = 6 and the distance from the ladder is also 6 = x. To find the angle formed by the ladder we use [tex]arctan(\frac{y}{x})[/tex] which in this case is

[tex]arctan\frac{6}{6} = arctan(1)\\= 45 degrees[/tex]

now we know that the person is 9 feet away from wall and 6 feet away from the ladder so the total x distance is 9+6 = 15 = x

to find y we use tan(45) = [tex]\frac{y}{x}[/tex]

multiply both sides by x = 15 and simplify to get y = 15

Consider the radical equation c+22 = c + 2. Which statement is true about the solutions c = 3 and c =-6?
The solution c = 3 is an extraneous solution.
The solution c = -6 is an extraneous solution.
Both c = 3 and c = -6 are true solutions.
Neither are true solutions to the equation.

Answers

howdy!!

the answer for yr question is B!!!!

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Kim's fish is 10 inches long.
Sam's fish is 3 inches long.
How many inches shorter is Sam's fish?

Answers

Answer:

7

Step-by-step explanation:

Answer:

Sam's is 7in shorter

Step-by-step explanation:

[tex]10-3=7[/tex]

SOMEONE PLEASE HELP I'VE BEEN ASKING FOR DAYS NOW WITH SCALE FACTOR!!!!! I will give brainliest if right!!!!!!

Answers

Answer:

It has been answered for you

See this:

https://brainly.com/question/23012157

4a=32



Fill in the blank:



a=___

Answers

Answer:

a = 8

Step-by-step explanation:

Divide both sides by 4.

a = 32 ÷ 4

a = 8

4*10^(-3x)=18 Express the solution as a logarithm in base-101010.

Answers

Answer:

Hi how are you doing today Jasmine

Answer:

x= -1/3•log10(9/2)

x= -0.218

Identify two ratios that are equivalent to 3:5

Answers

The correct answer is 15:25

A submarine was situated 475 feet below sea level. if it ascends 150 feet, what is its new position relative to the sea level?

Answers

Answer:

325 feet below sea level i believe

Step-by-step explanation:

Factor the expression (s):

7x+63

12x+15

36z+60

Answers

The answer for the first one is 7(x+9)
The answer for the second one is 3(4x+5)
The answer for the third one is 12(3z+5)

2(x - 3) = 4x - 1

i need the solution to get the x value!

ILL GIVE BRAINLIEST

Answers

x= -5/2 this is the answer on edge
Dam I forgot that one

The radius of a circle is 1 meter. What is the area?

r=1 m

Give the exact answer in simplest form.

Answers

Step-by-step explanation:

Area of Circle =

[tex]\pi {r}^{2} \\ = \pi( {1}^{2} ) \\ = 1\pi \\ = \pi {m}^{2} [/tex]

Find the inverse of this function. Show your steps.

Hi, so, I'm like halfway done, but can you show me the steps to get to the inverse of this function, please? Also, is was what I have so far correct?
Thanks so much if you help!

Answers

Answer:

Step-by-step explanation:

First, replace f(x) with y . ...

Replace every x with a y and replace every y with an x .

Solve the equation from Step 2 for y . ...

Replace y with f−1(x) f − 1 ( x ) . ...

Verify your work by checking that (f∘f−1)(x)=x ( f ∘ f − 1 ) ( x ) = x and (f−1∘f)(x)=x ( f − 1 ∘ f ) ( x ) = x are both true.

OMG HELP PLS IM PANICKING OMG OMG I GOT A F IN MATH AND I ONLY HAVE 1 DAY TO CHANGE MY GRADE BECAUSE TOMORROW IS THE FINAL REPORT CARD RESULTS AND I DONT WANNA FAIL PLS HELP-
AND CAN ANYONE PLS DRAW ME THE ANSWERS I CANT UNDERSTAND ANYTHING PLS I BEG U ILL GIVE U BRAINLEST

Answers

Answer:

here, i can help you out!

Step-by-step explanation:

Answer:

For 1. 2/5 is less full then 1/2

student simplifies (6b + 4r) – (2b + r) and says that the result is 4b + 5r. Explain the error and describe the correct steps to simplify the expression.

Answers

Answer & explanation:

The student made an error by adding an r after removing the parentheses instead of subtracting an r.

Correct Steps:

(6b + 4r) – (2b + r)

6b + 4r - 2b - r

4b + 3r

Answer:

yo

Step-by-step explanation:

this was the sample response on edge

The student did not distribute the negative when subtracting. Distributing the negative, the expression is equal to 6b + 4r – 2b – r. Then use the commutative property to rewrite it as 6b – 2b + 4r – r. Then you can use the distributive property to write as (6 – 2)b + (4 – 1)r, which simplifies to 4b + 3r.

write the number thirty three in figures

Answers

Answer:

3x10 15x2 5x6

Step-by-step explanation:

Pedro said, "On summer vacation, I spent 3 1/2 weeks with my uncle and two weeks more with my friend than with my uncle." How many weeks did he spend with his uncle and his friend? Use fraction strips or number lines to find the sum.

Answers

Answer:

Pedro spent 9 weeks with his uncle and his friend.

Step-by-step explanation:

First, you need to find the amount of weeks Pedro spent with his friend. The statement indicates that he spent two weeks more with his friend than with his uncle which means that you have to add the number of weeks he spent with his uncle plus 2, which you can show in a number line:

       [tex]3\frac{1}{2}[/tex]                   2

___________________

1       2       3       4       5       6       7       8       9       10        

[tex]3\frac{1}{2}+2=5\frac{1}{2}[/tex]

Now, you can find the and answer by adding up the number of weeks he spent with his uncle plus the weeks he spent with his friend:

       [tex]3\frac{1}{2}[/tex]                                   [tex]5\frac{1}{2}[/tex]

__________________________________

1       2       3       4       5       6       7       8       9       10  

[tex]3\frac{1}{2} + 5\frac{1}{2}=9[/tex]

According to this, the answer is that Pedro spent 9 weeks with his uncle and his friend.

How many meters are equal to 3,736 centimeters? Use how the placement of the decimal point changes when dividing by a power of 10 to help you.

Answers

Answer:

37.36 meters are equal to 3,736 centimeters.

Step-by-step explanation:

We have that 1 meter is equal to 100 centimeters, so if we want to convert 3,736 cm to m we need to divide by 100:

[tex] x = 3,736 cm*\frac{1 m}{100 cm} = 3,736 cm*\frac{1 m}{10^{2} cm} [/tex]          

When we divide a number by a power of 10, we move the decimal point to the left as many places as the power indicates.      

Since we are dividing by 10², we need to move the decimal point two places to the left, as follows:            

[tex] x = 3,736 cm*\frac{1 m}{10^{2} cm} = 37.36 m [/tex]      

Hence, 37.36 meters are equal to 3,736 centimeters.

I hope it helps you!                  

If one of my angles is 130 degrees, what is the measure of the blue angle that is supplementary to it?

Answers

Step-by-step explanation:

[tex]180 - 130 = 50[/tex]

which undefined geometric term is described as a location on a coordinate plane that is designated by an ordered pair?

Answers

A line is one dimensional straight indefinite path on plane that has no width. A plane is a two-dimensional flat surface that extends upto infinity. So, the undefined geometric term is described as a location on a coordinate plane that is designated by an ordered pair, (x, y) is A point.

Please help asap thank you

Answers

Answer:

1.

Mean:22

Median: 19.5

Mode:12

Range:26

2.

Mean: 21.143

Median: 16

Mode: 5

Range: 43

3.

Mean: 38.5

Median: 37.5

Mode: 13 , 34, 41

Range: 56

4.

Mean: 73.167

Median: 78.5

Mode: 85

Range : 47

5.

Mean: 58.75

Median: 63

Mode: 63

Range : 70

6.

Mean: 68.714

Median: 74

Mode: 74

Range: 57

7.

Mean: 48

47.5

72

66

8.

59.625

61

90

79

9.

31.571

32

46

34

10.

42.111

40

51

51

Philip is recording what kind of shoes people are wearing at the mall. Out of the 12 people he has seen, 6 are wearing high heels. Considering this data, how many of the next 10 people Philip sees would you expect to be wearing high heels?​

Answers

Answer: 5 people

Step-by-step explanation:

The easiest way to do this is to set up a proportion. 6/12=x/10. To solve, cross-multiply and divide. Multiply 6 and 10 (6*10=60) and divide by 12 (60/12=5).

You can also find that 6/12 is equal to 1/2 by dividing each side by 6. Then multiply 10 by 1/2 (or divide 10 by 2) to get the final answer of 5 people.

The answer of this question is 5 due to it being half
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