subject
Mathematics, 16.10.2020 18:01 juliopejfuhrf7336

An insurance policy sells for $800. Based on past data, an average of 1 in 50 policyholders will file an $8,000 claim, an average of 1 in 100 policyholders will file
a $20,000 claim, and an average of 1 in 250 policyholders will file a $50,000 claim. Find
the expected value to the company per policy sold.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 14:30
Acable company wants to provide cell phone service for residents on an island. the function for the cost of laying the cable from the island to the mainland is c(x)= 6.500 square root x2+4, where x represents the length of the cable in feet. what are the domain and range of the function? a) domain: all real numbers range: all real numbers greater than or equal to 17,000 b) domain: all real numbers greater than or equal to 0 range: all real numbers greater than or equal to 17,000 c) domain: all real numbers greater than or equal to 0 range: all real numbers greater than or equal to 13,000 d) domain: all real numbers greater than or equal to 13,000 range: all real numbers greater than or equal to 0
Answers: 3
question
Mathematics, 21.06.2019 19:00
The area of square garden is 300m squared. how long is the diagonal?
Answers: 1
question
Mathematics, 21.06.2019 23:30
Afactory buys 10% of its components from suppliers b and the rest from supplier c. it is known that 6% of the components it buys are faulty. of the components brought from suppliers a,9% are faulty and of the components bought from suppliers b, 3% are faulty. find the percentage of components bought from supplier c that are faulty.
Answers: 1
question
Mathematics, 22.06.2019 06:50
Surface area of a right cone below with a radius of 3 and a height of 15
Answers: 2
You know the right answer?
An insurance policy sells for $800. Based on past data, an average of 1 in 50 policyholders will...
Questions
question
Social Studies, 15.12.2021 19:40
Questions on the website: 13722367