ACME insurance company estimates that the probability of the owners’ of a house worth between $120,000 to $170,000 making a claim for $5000 is 0.08, and that the probability of the house and contents being totally destroyed is 0.0041. Should that tragedy happen, the company will have to pay $150,000. The company charges $1300 for the insurance policy.

What is the expected value of this policy to the insurance company?

Round your answer to two decimal places.

Answers

Answer 1

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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https://brainly.com/question/19819099


Related Questions

Ed bought cupcakes for his sister's birthday party.42 cupcakes had sprinkles on top. The other 33 cupcakes did not have sprinkles. What percentage of the cupcakes had sprinkles?

Answers

Answer:50000000000000000000000000000000000000000000000000000

The lengths of the sides of a square are multiplied by 3.5. How is the ratio of the areas related to the ratio of the side lengths?
A. The ratio of the areas is the square of the ratio of the side lengths.
B. The ratio of the areas is the same as the ratio of the side lengths.
c. The ratio of the areas is the cube of the ratio of the side lengths.
d. The ratio of the areas is the square root of the ratio of the side lengths.

Answers

Answer:

A The ratio of the areas is the square of the ratio of the side lengths.

Step-by-step explanation:

10  x 3.5 = 35 and would be the same size each

35 x 35 = 1225

Ratio of areas = 10x10 and 10x3.5 x 10 x 3.5 = 100 : 1225 = 4: 49

Therefore just from doing this we can find easily by referring back to ratio above shown.

D IS NOT TRUE This means the ratio of the areas (1225) is the square root of the ratio (sqrt1225=35) of the side lengths (35:35) is not true

sqrt 1225 is 35 and becomes a square root of the area

Where matching this to ratio of sides is not true as 35:35= 1:1 and the ratio to the sides are not the same as ratio of two areas. But when we square we get the answer right.

when we cross multiply (division) we find find the ratio of areas 100:1225 is NOT TRUE AND NOT SAME AS ratio 10:35

We therefore left with DIVIDING THE ratio SIDES AS SIMPLIFIED into the Areas ABOVE to show-

1225/49 = 25 same   here we have the area same ratio as

100/4 = 25 same

10:35 = 3.5^2  + 3.5^2 =12.50 + 12.50 = 25

A IS TRUE. as when we square the ratio 1=3.5 and add them together 1=3.5^2 +3.5^2 we get answer = 25

Answer:

A. The ratio of the areas is the square of the ratio of the side lengths. Is correct.

Hope this helps!

Find the value of x. NO LINKS AT ALL!! ​

Answers

Answer:

x= -7

The whole thing is just an awkward mirror but the lower triangle has an angle that is 1 degree smaller so the whole lower section is going to be bigger or smaller and the angle that mirrors the 80 degree angle is now 79 degrees which makes the other angle on that line 1 degree bigger which would be 101 so you put it in the expession to make it the equation -12x+17=101 and you solve for x which you would then get -7.

the 4.1 m of concrete is made into the shape of a cylinder. The base has radios 0.5 metres. work out the height of the cylinder ( photo attached)

Answers

Answer:

5.22m

Step-by-step explanation:

Rearrange the formula - volume = π × r² × h:

h = volume ÷ (π × r²)

volume = 4.1m³r = 0.5

Plug in the numbers:

h = 4.1 ÷ (π × 0.5²)

h = 5.22028... ≈ 5.22m

Hope this helps!

HELP POINTS FOR Each answEr quantity 4 times x plus 3 end quantity divided by 5 equals quantity 8 times x minus 1 end quantity divided by 9.

Answers

[tex]\displaystyle \frac{4x+3}{5} ^{/9}=\frac{8x-1}{9} ^{/5} \\\\\\ 36x+27=40x-5 \\\\ 40x-36x=27+5\\\\ 4x=32 \\\\ \boxed{x=8 }[/tex]

Step-by-step explanation:

Given fractional expression:

(4x+3)/5 = (8x-1)/9

By doing cross multiplication, we get

⇛4x(9) + 3(9) = 8x(5) - 1(5)

⇛36x + 27 = 40x - 5

Now, combine the like terms in one side.

⇛27x - 40x = -5 + 36

⇛-13x = 31

⇛x = 31/-13 Ans.

If a sum invested gains 10% each year how long will it be before it has doubled its
value?

Answers

Using an exponential equation, it is found that it will be 7.3 years before the value is doubled.

The equation for an increasing exponential function is given by:

[tex]A(t) = A(0)(1 + r)^t[/tex]

In which:

A(0) is the initial amount.r is the growth rate, as a decimal.

In this problem:

Gains 10% each year, thus [tex]r = 0.1[/tex].

The doubling time is t for which [tex]A(t) = 2A(0)[/tex], then:

[tex]A(t) = A(0)(1.1)^t[/tex]

[tex]2A(0) = A(0)(1.1)^t[/tex]

[tex](1.1)^t = 2[/tex]

[tex]\log{(1.1)^t} = \log{2}[/tex]

[tex]t\log{1.1} = \log{2}[/tex]

[tex]t = \frac{\log{2}}{\log{1.1}}[/tex]

[tex]t = 7.3[/tex]

It will be 7.3 years before the value is doubled.

A similar problem is given at https://brainly.com/question/23008760

there are 21 ballons 4 are blue ballons 3 is green what is the total of blue ballons

Answers

Answer:

4 blue balloons.

Step-by-step explanation:

Answer: 14

Step-by-step explanation: 4 + 3 = 7  and there are 21 balloons 21 - 7 = 14. and thats how you get 14

"The sum of a number and 7 divided by -3, is 2."

Answers

(x + 7)/-3 = 2
Multiply by -3
(x+7) = -6
Subtract 7
x = -13

The number is -13

64 hundredths + 8 hundredths add decimals

Answers

Answer:

0.72

Step-by-step explanation:

64 hundredths= 0.64

8 hundredths= 0.08

0.64 + 0.08 = 0.72

Answer:

.72

Step-by-step explanation:

You just add 64 and 8 (equal to 72) and make sure it's in the hundredths (.00) Hope this is helpful.

Maths Question - Topic Pythagoras

Please answer the question. Awarding 20 points

Answers

Answer:

h= 17.67 cm

Step-by-step explanation:

We have,

h=x

b=16 cm

p=7.5cm

Using Pythagoras Theorem,

h^2=p^2+b^2

h=√(7.5^2+16^2)

h=√(56.25+256)

h=√312.25

h=17.6705970471 cm

Write an equation in slope intercept form for a
line that passes through (8,-3) and has a slope
of
2/3

Answers

9514 1404 393

Answer:

  y = 2/3x -25/3

Step-by-step explanation:

The slope-intercept form of the equation for a line is ...

  y = mx +b . . . . . . for slope m and y-intercept b

Solving for b gives ...

  b = y -mx

Using the given values for x, y, and m, we find the intercept to be ...

  b = -3 -2/3(8) = (-9 -16)/3 = -25/3

Then the equation of the line is ...

  y = 2/3x -25/3

3. Emma said that when you multiply three negative decimals , the product will be positive . Use these numbers to answer the questions: -2.5,-3.8,-2.; .7, - 4.5

Part A: Is Emma's statement always true, sometimes true, or always false? Write two equations to support your answer.

Part B: Write a rule for multiplying three negative decimals .

Part C Emma changed her statement to say that when you multiply two negative decimals and a positive decimal the product will be positive Emma's new statement always true , sometimes true or always false ? Write two equations to support your answer

Answers

Using multiplication signal rules, it is found that:

A: Emma's statement is always false.

B: The result is always negative.

C: Emma's statement is always true.

The rule used for this exercise is as follows:

When two numbers of different signals are multiplied, the result is negative.When two numbers have the same signal, the result is positive.

Part A:

Three numbers are multiplied, all negative.The multiplication of the first two result in a positive number.Then, this positive number is multiplied by a negative number, and the result will be negative, which mean that Emma's statement is always false.

Two examples are:

[tex]-2.5(-3.8)(-2) = 9.5(-2) = -19[/tex]

[tex]-2.5(-2)(-0.7) = 5(-0.7) = -3.5[/tex]

Part B:

The rule is that the result is always negative.

Part C:

The multiplication of the first two negative numbers result in a positive number.Then, this positive number is multiplied by another positive number, and the result will be positive, which mean that Emma's statement is always true.

Two examples are:

[tex]-2.5(-3.8)(2) = 9.5(2) = 19[/tex]

[tex]-2.5(-2)(0.7) = 5(0.7) = 3.5[/tex]

A similar problem is given at https://brainly.com/question/24764960


2. Louis kept losing money through a hole in his pocket. He started with 35€, lost 20€.
put in 754 more, spent 43¢ lost 16¢ again, and then put in 14¢. How much change should
there be in his pocket?

Answers

Your answer should be 724 cents, in dollars that is $7.24

Step-by-step explanation:

from the cents is shoes be 724 and the dollars souls be $7.24

In a circle, an angle measuring 2.2 radians intercepts an arc of length 34.9. Find the radius of the circle to the nearest 10th.

Answers

Answer:

xx=15.86

Step-by-step explanation:

x - 2/2 = 3x + 8/4

A. 12
B. -24
C. 16

Answers

It’s doesn’t look like any of the anwsers are right..

x-2/2=3x+8/4

x-1=3x+2

-x. -x

-1=2x+2

-2. -2

-3=2x

÷2. ÷2

-3/2=x

HELPP I HAVE 12 MINUTES LEFTT

Answers

Answer:

6

Step-by-step explanation:

When you need to estimate, if the number is .4 or below, bring it down (1.4 will now be 1.)

This goes for both 1.4

so, 1 + 1.

Next, you have 4.1 (which is also below .5, so .4 or below.)

It is 1 + 1 + 4.

That is 6. Hope this helps a bit ^^ :>

Answer:

(see explanation)

Step-by-step explanation:

Rounding to whole numbers,

1.4 rounds to 1

4.1 rounds to 4.

1+1+4 = 6

However, if you're rounding to the nearest 0.5,

1.4 rounds to 1.5

4.1 rounds to 4.0

1.5 + 1.5 + 4.0 = 7

Choose the system for this graph

Answers

9514 1404 393

Answer:

  C

Step-by-step explanation:

Judging by the answers, the lines have slopes of 7/3 and 2/5. (We could verify this by close examination of the graph.) The shading is above (greater than) the line with the smaller slope value (2/5), and below (less than) the line with the steeper slope value (7/3).

That means we're looking for a pair of inequalities with the symbols ...

  y ≥ 2/5x ...

  y ≤ 7/3x ...

This combination is found in choice C.

What is a pair of alternate interior angles?

Answers

Answer:

D. ∠2 and ∠8

Step-by-step explanation:

common sense lol


A carpenter has already shingled 10 garage roofs and is shingling roots at a constant rate of 9 per day
Write an eguation that models the number of garage roofs, 1, after t days,
an
ok
The equation that models the given situation is?

Answers

The equation that models the situation is f(t) = 10 + 9t.

The carpenter has already shingled 10 garage roofs . The initial amount he has already shingled is like a constant in the equation.

He shingles at a constant rate of 9 per day. This means each day the carpenter shingles 9 roofs.

let

f(t) = number of garage roofs the carpenter shingles

t = time in days.

If the carpenter shingles 9 roofs per day , he will shingle 9 × t roof for t days.

To model the equation where he had already shingled 10 roofs and his shingling rate, can be represented as follows:

f(t)  = 10 + 9t

read more: https://brainly.com/question/22965839?referrer=searchResults

Robert is making a scale model of his boat. The boat is 25 feet long. The scale he is uisng us 1 inch = 5 feet. How long is the scale?

Answers

It should be 5 inches

Answer:

5 inches

Step-by-step explanation:

simplify the expression
90 + 4B - 2B - 7B​

Answers

Simplify the expression

90 + 4B - 2B - 7B

Already in like terms, therefore

90+2B-7B

90-5B

Please Mark BRAINLIEST.

What is 6.2% of 105 also please include what equation you use to find it

Answers

Answer:

6.51

Step-by-step explanation:

105×6.2/100

it gives 6.51

Purchased goods on credit from Mimi and Ana, RM300 and RM400 respectively. Btw this is account subject and can I know what is the debit and credit for this questions.

Answers

Purchase a/c Dr. 700
To Mimi’s a/c. 300
To Ana’s a/c. 400

evaluate: 16^1/2 x 2^-3

Answers

Answer:

64

Step-by-step explanation:

16^1

---------------------- = 64

2 x 2 - ^3

Apply exponent rule

16^1 = 16

= 16

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

2x2 - ^3

16 = 2x 8

2 x 8

-----------

2 x 2 - ^3

Cancel the common factor <2>

8

---------

2-^3

Factor the number 8 = 2^3

2^3

----------

2-^3

Apply exponent rule.

= 2^3 - (-3) = 6

3- (-3) = 6

= 2^6

2^6 = 64

64 is the answer

Answer:

0.5

Step-by-step explanation:

[tex] {16}^{ \frac{1}{2} } \times 2 {}^{ - 3} [/tex]

[tex] \sqrt{16} \times \frac{1}{{2}^{3} } [/tex]

[tex]4 \times \frac{1}{2 \times 2 \times 2} [/tex]

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

A certain chemical the ratio of zinc the copper is 3 of 13 A jar of chemicals contains 377 grams of copper how many grams of zinc does it have ​

Answers

Z : C
3 : 13
? : 377

377/13 = 29
3 x 29 = 87.


87 grams of zinc

Answer:its 116 grams of zinc

Step-by-step explanation:

3/8(1/2f-4g) help please

Answers

The answer is 3/16f-12/8g

In the number 6855 is the 800 1/10 of 6000

Answers

Answer:

No

Step-by-step explanation:

Divide. 3/5 divided by 4 =. 12/5 5/20 3/20 6/30

Answers

Answer:

3/20

Step-by-step explanation:

3/5 ÷ 4

Copy dot flip

3/5 * 1/4

Multiply

3/20

C. 3/20 is answer for that question

Ms. Reynold's sprinkler system has 4 stations that water all parts of her front and back lawn. Each station
runs for an equal amount of time. If it takes 36 minutes for the first 3 stations to water, how long does it
take to water all parts of her lawn?
It will take 46
minutes for Ms. Reynold to water her lawn.

Answers

Answer:

It will take 48 minutes to water all parts of her lawn.

Step-by-step explanation:

Each section runs for an equal amount of time

3 sections have run for 36 minutes

36 divided by 3 is 12, meaning each section runs for 12 minutes

12 times 4 is 48

PLEASE HELP

If 87 people attend a concert and tickets for adults cost $3.5 while tickets for children cost $3.25 and

total receipts for the concert was $291.75, how many of each went to the concert?

Answers

Answer: 51 Children and 36 Adults.

Step-by-step explanation: Let's call x the number of children admitted and call z the number of adults admitted.

We know that x+z= 87

We also know that 3.25x+3.5z= 291.75.

We want to find the value of x and z. Then we solve the system of equations:

Multiply the first equation by -3.5 and add it to the second equation:

-3.5x-3.5z= -304.5

3.25x+3.5z= 291.75

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

-0.25x=-12.75

x= -42.75 ÷ -0.25

x=51

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

Now we substitute the value of x in the first equation and solve for the variable z

51+z=87

z=87-51

z= 36

Omg took me like 10 minutes to calculate would appreciate brainliest. Have a wonderful day.

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