An insurance company charges Ted E. Bear $1400 per year for insurance on his home. The company has predicted that there is a 10% chance that Ted will make a claim on the policy of $5000. Create a probability distribution and determine what the insurance company can expect to make on this policy, on average?

Answers

Answer 1

Answer:

$900  

Step-by-step explanation:

The given parameters are;

The amount Ted pays per year for insurance on his home = $1,400

The value of the insurance policy = $5000

The chance that Ted will make a claim on the policy = 10%

The expected value is given as follows

Incidence                     Probability(p)        Value(v)                                   v × p

A claim is made            0.1                  $5,000 - $1,400 = -$3,600     -$360

No claim                        0.9                 $1,400                                       $1260

Expected value is $1,260 - $360 = $900

The value the insurance company can be expected to make on average on the policy is $900    


Related Questions

Show 1 1/4 on a number line out of 4

Answers

it’ll be on the one then there’s 3 dashes in between the 1 and 2 then you’ll mark a thick line on the little dash after the 1:)

I need help please, this is homework​

Answers

Answer:

-1 = 11

0 = 13

1 = 15

2 = 17

5 = 23

Step-by-step explanation:

2 (-1) +13 = 11

2 (0) +13 = 13

2 (1) +13 = 15

2 (2) +13 = 17

2 (5) +13 = 23



Colleen is 15 years from retiring. She opens an account at the Savings Bank. She plans to deposit
$10,000 each year into the account, which pays 1.7% interest, compounded annually.
a. How much will be in the account in 15 years?
b. How much interest would be earned?
Please put how to work it out!!!!

Answers

9514 1404 393

Answer:

  a) $169,234.59

  b) $19,234.59

Step-by-step explanation:

The first question you must answer is whether Colleen will earn interest on her first deposit in the first year. That is, does she deposit the money at the first of the year or the end of the year?

The usual "annuity" formula assumes the deposit is at the end of the year, so no interest at all is earned on the last deposit made. If the deposit is at the first of the year, an "annuity due" formula is used, that multiplies the entire ending account value by the annual multiplier, 1.017 in this case.

__

a) Assuming an "annuity", the formula is ...

  A = P((1 +r)^t -1)/r . . . . . for annual compounding at rate r for t years

  A = $10,000(1.017^15 -1)/0.017 = $169,234.59 . . . . ending balance

__

b) Colleen has made 15 deposits of $10,000, for a total of $150,000, so the amount of interest earned is ...

  $169,234.59 -150,000 = $19,234.59 . . . . interest earned

Pls help me!!!!!!!!​

Answers

Answer: 127,500

Step-by-step explanation: I just used a calculator

Answer:

the answer is 127,500

Step-by-step explanation:

25. Solve for x. 12x -15 = 129
O
x = 15
O
x=-12
O
x = 12
x= -15

Answers

x = 12

Work shown in picture

omg please help. make sure you put the product of A, the product of B, and the sum for C. it’s in the picture

Answers

Answer:

Product for A = 046

Product for B = 0230

Sum for C = 0.0276

Step-by-step explanation:

We need to multiply the terms and find the answers

First we multiply 2 with 0.23, then we multiply 1 with 0.23

   0.23

x    0.12

-------------

     046

   0230

--------------

    .0276

Since there are 2 numbers after decimal in 0.23 and same for 0.12, so we place the decimal so that there are 4 decimal places.

Counting of decimal will start from the units place.

So, Product for A = 046

Product for B = 0230

Sum for C = 0.0276

When dividing a number what way the decimal move left or right

Answers

When dividing the decimal goes left because the value lowers.


Like terms need to have what

Answers

SoukaSoukaSoukaSoukaSoukaSoukaSoukaSoukaSoukaSouka

Answer:

The same letter lol

Step-by-step explanation:

In algebra, like terms are terms that have the same variables and powers. The coefficients do not need to match. Unlike terms are two or more terms that are not like terms, i.e. they do not have the same variables or powers. The order of the variables does not matter unless there is a power.

need the answer please thank you!

Answers

Answer:c

Step-by-step explanation:

C

Answer: c



Step-by-step-explanation
C

HELP ASAP will give brainly Which of the following lists is in order from smallest to largest?

, 0.04, 25%
0.04, 25%,
, 25%, 0.04
25%, 0.04,

Answers

0,04 then 25%. 25% = 0,25

Answer:

0.04, 25%

Step-by-step explanation:

25% = 0.25 > 0.04

Therefore the order from smallest to largest is:

0.04, 25%

DE bisects BC. If BC = 5x-3 and CE= 2x+25 find the value of x

Answers

Answer:

x = 53

Step-by-step explanation:

The entire line is BC, the line DE bisects the line BC, meaning it cut the line in half. So CE is half of BC, so the equation for CE has to be multiplied by 2. Therefore:

5x - 3 = (2x + 25)2

multiply

5x - 3 = 4x + 50

ad 3 to both sides

5x = 4x + 53

subtract 4x from both sides

x = 53

Input into the equation to check:

5x - 3 = (2x + 25)2

5(53) - 3 = (2(53) + 25)2

265 - 3 = (106 + 25)2

262 = (131)2

262 = 262, it's correct :)

Answer:

Step-by-step explanation:

Choose the rule to describe the transformation:

D(-3, -4), C(-3, -1), B(0, -4)

to

D '(3, -4), C '(3, -1), B '(0, -4)



a. reflection across the y-axis

b. reflection across y = -x

c. translation: (x,y)LaTeX: \longrightarrow⟶(x + 4, y)

d. reflection across y = x

Answers

Answer:

a. reflection across the y-axis

I just need the answer

Answers

Answer:

The answer is B

Step-by-step explanation:

Your welcome

It would probably be B

Rewrite with only sin x and cos x.

sin 2x - cos x

A. 2 sin x cos^2x
B. sin x
C. cos x (2 sin x - 1)
D. 2 sin x

Answers

Answer:

sin2x-cosx2sinx.cosx -cosxcosx (2sinx-1)

Give the slope and y-intercept of the
relationship shown in the table.

Answers

Find slope

25-50 divided by 100-0

Which is -1/4

When x is equal to 0, y is equal to 50

So, your answer is option b

Answer:

B

Step-by-step explanation:

C. What temperature is halfway between 3 degrees and -11degrees? And what is the mid point between -6 degrees and -10? And what is the midpoint between -60 degrees and 8 degrees?

Answers

Answer:

-4 is in between 3 and -11 is

-8 is in between -6 and -10

-26 is in between -60 and 8

9. A ranch has 575 cows on 25 acres of land. Which rate best represents the relationship
between the number of cows and the number of acres?

Answers

Answer:

10/10

Step-by-step explanation:

Which expression gives the measure of angle
XYZ in the diagram below?

A. (154° + 46°)
B. 154° + 46°
c. 1/2 (154° -46° )
D. 154° - 46°

Answers

Answer:

C. 1/2(154-46) hope this helps :)

Step-by-step explanation:

The measure of the angle XYZ will be [tex]\frac{1}{2} (154^0 -46^0 )[/tex] i.e. option C.

What is angle ?

Angle is the figure formed by two rays, called the sides of the angle, sharing a common endpoint, called the vertex of the angle.

We have,

Arc ST = 46°, and

Arc XZ = 154°

Now,

We know that the measure of the arc is same as that of central angle.

Now,

Join X and T,

Now,

We know that, the angle subtended at the center is the average of the measure of arc intercepted by its angle and its vertical angles.

So,

Angle XTZ [tex]=\frac{154}{2}[/tex]

And,

Angle SXT [tex]=\frac{46}{2}[/tex],

Now,

∠XTZ = ∠XYZ + ∠SXT  [Exterior angle is equal to the sum of interior opposite angles]

So,

∠XYZ = ∠XTZ - ∠SXT

Now,

Substituting the values,

We get,

∠XYZ [tex]=\frac{154}{2}-\frac{46}{2}[/tex]

i.e.

∠XYZ [tex]=\frac{1}{2} (154-46)[/tex]

So, measure of angle XYZ is  [tex]\frac{1}{2} (154-46)[/tex] .

Hence, we can say that the measure of the angle XYZ will be [tex]\frac{1}{2} (154^0 -46^0 )[/tex] i.e. option C.

To know more about angle click here

https://brainly.com/question/23247585

#SPJ2

If $350 is divided into two portions in the ratio 2 to 5 what is the smaller portion

Answers

Smallest portion $100

The ratio is 2 : 5 and the smaller portion is 100

What is an Equation?

Equations are mathematical statements with two algebraic expressions flanking the equals (=) sign on either side.

It demonstrates the equality of the relationship between the expressions printed on the left and right sides.

Coefficients, variables, operators, constants, terms, expressions, and the equal to sign are some of the components of an equation. The "=" sign and terms on both sides must always be present when writing an equation.

Given data ,

Let the total amount be A = $ 350

Now , the ratio is 2 : 5

So , the total ratio is = 2x + 5x

                                 = 7x

And, the value 7x =  total amount

So , 7x = 350

Divide by 7 on both sides of the equation , we get

x = 50

So , the number 350 in the ratio 2 : 5 is 100 : 250

Hence , the smaller portion is 100

To learn more about equations click :

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Each day at the bakery, Jack bakes vakes and helps out at the counter. Make a scatter plot of the hours Jake spends at the counter as a function of the number of cakes he bakes. Draw the trend line, choose what type of correlation the scatter plot shows, choose what could be the equation for the data, and then lastly choose what the y-intercept of the line represents.

What type of correlation does the scatter plot show:
A. positive correlation
B. negative correlation
C. no correlation
D. cannot be determined
Which could be an equation of the trend line:
A. y = -0.5x + 5
B. y = -0.8x + 8
C. y = -0.5x + 3.5
D. y = -0.8x + 5
What does the y-intercept of the line represent:
A. average time it takes to bake one cake
B. average number of cakes per hour Jack can bake
C. total time spent baking cakes D. total number of hours Jack works each day
D. total number of hours Jack work each day

Answers

1 A
2 A
3 C
I hope this helps


Matthew weighed 96 ounces at birth. His sister, Adrienne, weighed 7 pounds at birth. Who
weighed more and how many pounds more?

Answers

Answer:

A

Step-by-step explanation:

96 ounces = to 6 pounds

7-6=1

find the difference between 760 and 188

Answers

Answer:

572

Step-by-step explanation:

Work :

The student council wants to rent a ballroom for the junior prom. The ballroom’s rental rate is $1500 for 3 hours and $125 for each additional half hour. Suppose the student council raises $2125. What is the maximum number of hours for which they can rent the ballroom?

Answers

They can rent it out for the additional 5 times

What is an equation of the line that passes through the points (-3,-1) and
(6,2)? Put your answer in fully reduced form.

Answers

Answer:

y=1/3x

When x of the line is -3, y of the line must be -1.When x of the line is 6, y of the line must be 2. y=1/3x+b. b is what we want, the 1/3 is already set and x and y are just two "free variables" sitting there. We can plug anything we want in for x and y here, but we want the equation for the line that specifically passes through the two points (-3,-1) and (6,2).(-3,-1). y=mx+b or -1=1/3 × -3+b, or solving for b: b=-1-(1/3)(-3). b=0.b came out to be zero, so there is no "+b" term.

What is the product of (9)(-9)-1)?
-81
-1
1
81​

Answers

Answer: 81
(9)(-9)=-81
(-81)(-1)=81
negative * negative = positive

x ≤ 8


x > 8


x < 8


x ≥ 8

Answers

Answer:

x < 8

Step-by-step explanation:

the dot isnt filled so symbol wont have a line under it

line moving left of 8 so less than 8.

multiply 7/15 ,a 2 what is
answer

Answers

I also used a calculator and got what the person above me got

Amy is applying for a job in two companies. The given table shows the salary in dollars () that Company 1 is offering
if she works x hours. Company 2 is offering $12.50 per hour plus a bonus of $80. If she plans to work 40 hours each
week, in which company will she earn more money in a week and by how much more?
A)
She will earn $20 more in Company 1.
B)
She will earn $40 more in Company 1.
C)
She will earn $20 more in Company 2.
D)
She will earn $40 more in company 2.
Eliminate

Answers

Answer: B is the correct answer

Step-by-step explanation: Lol its B

you need to raise at least $400 in order to go on a field trip. you are selling magazines for $12 each. you have already raised $124. how many magazines must you sell to meet your goal? write, solve and graph the inequality for this situation.

Answers

Answer:

44 magazines need to be sold

Step-by-step explanation:

Y=Mx+b

400=12x-124

524=12x

43.6667 or 43 (2/3)

round up since you cant sell 2/3 of a magazine

Answer:

the inequality is 124+12x≤400

Step-by-step explanation:

x=23

hope this helps

Ms Patel purchased some pliers, wrenches, and chisel sets for her shop. She bought twice as many pliers that cost $17.50 each as wrenches that cost $21.50 each. She bought 3 fewer chisel sets than pliers. How many of each tool did Ms Patel buy if she paid a total of $141 and the price of each chisel set is $28?

Answers

Answer:

Ms Patel bought 4 pliers, 2 wrenches and 1 plier set.

Step-by-step explanation:First, make a ratio. For every 2 wrenches, she bought 4 pliers and 1 chisel set. This ratio would be written as (in pliers:wrenches:chisels)

        4:2:1

Then, multiply each of these numbers by their price, and add them together.

        PLIERS: 4 × 17.50 = $70

        WRENCHES: 2 × 21.50 = $43

        CHISEL SETS: 1 x 28 = $28

        TOTAL = $70 + $43 + $28 = $141

As this adds up to $141, this shows that she bought 4 pliers, 2 wrenches and 1 chisel set.

Mrs Patel purchased 2 wrenches, 4 pliers, and 1 chisel set for her shop.

I hoped this helped!

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