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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Related Questions

In pack of ten books, three are geometry books while the rest are book on algebra. If three books are drawn at random, what is the probability that one of them is geometry book and the others are book on algebra​

Answers

Answer:

21/40.

Step-by-step explanation:

There are 3 geometry and 7 algebra books.

If the geometry book is drawn first probability = 3/10

If the second is algebra P = 7/9.

If the third is algebra P = 6/8 = 3/4.

So the probability  of all three being drawn in this order = 3/10 * 7/9 * 3/4

= 63/360

= 7/40.

Now there are a total of 3 ways in the order they are drawn, That is:

GAA

AGA

AAG.

So the required probability = 3 * 7/40

= 21/40.

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Given :   Isaac is purchasing two pairs of shoes—one pair for $37.00 and the second pair for $42.00. The state sales tax applied to Isaac’s bill is 7%.

To Find : How much is Isaac’s total bill?  

b) 25% discount off  before tax

Solution:

one pair for $37.00

second pair for $42.00

Total Bill before taxes = 37 + 42 =  79 $

7 % Sale Tax = (7/100)79 = 5.53 $

Isaac’s total bill = 79 +  5.53  = 84.53  $

Total Bill before taxes = 37 + 42 =  79 $

Discount 25 % = (25/100)79 = 19.75$

Total Bill before taxes = 79 - 19.75 = 59.25 $

7 % Sale Tax = (7/100)59.25 =4.1475 $

Isaac’s total bill = 59.25  +  4.1475  = 63.3975  $

Please post Question one by one

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The sales tax on a surfboard is $12. What is the percent of sales tax ...

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An article is avilable for rs1540 inclusive of sales tax at 10% .what ...

PLEASE ANSWER ASAP
i can't figure out the answer

Answers

Answer is C have a nice day

Please i need urgent right answer

Answers

Answer:

260°

Step-by-step explanation:

Find the missing angles:

m∠CDE = 360 - 312 = 48m∠DCG = 180 - m∠CDE = 180 - 48 = 132  Consecutive interior anglesm∠BCG = 180 - m∠BCG = 180 - 52 = 128  Consecutive interior angles

Find x:

x = m∠BCG + m∠DCG = 132 + 128 = 260°

PLEASE NO ONE WILL HELP ME WITH THIS
Find a sequence of rotations, reflections, translations, and dilations showing that one figure is similar to the other.
BE SPECIFIC: give the amount and direction of a translation, a line of reflection, the center and angle of a rotation, and the cent and scale factor of a dilation.

Answers

Answer:

ABCD dilates in a scale of 1/3 by the center of A followed by a reflection of C.

AD/AD = 1/3

Step-by-step explanation:

give the quadratic sequence 2,3,10,23,........
write down the next term of the sequence.​

Answers

Answer:

The next term of the sequence is 42

Can you help<333? If not it’s gine

Answers

Answer:

It should 120 students

Step-by-step explanation:

Answer:

120 students

Step-by-step explanation:

4/7×210=120

CE TASK
V.
3
The carpenter spent 7/8 of his money on bags of sand for the sandbox. He spent 1/2 of the rest
of his money on some packs of bunting flags to decorate thesandbox and had $19.90 left How much money did the carpenter start with? Draw a bar model to show your work

Answers

Determine how much money did the carpenter start with

The total money with the carpenter is $318.4

Given:

let

x = total money with the carpenter

Bags of sand = 7/8 of x

= 7/8x

Money remaining = x - 7/8x

= (8x-7x) / 8

= 1/8x

Bags of bunting bags = 1/2 of 1/8x

= 1/2 × 1/8x

= 1/16x

Money left = $19.90

Total money = bags of sand + bag of bunting flag + money left

x = 7/8x + 1/16x + 19.90

x = (14x + x) / 16 + 19.90

x = 15/16x + 19.90

x - 15/16x = 19.90

16x - 15x / 16 = 19.90

x/16 = 19.90

divide both sides by 1/16

x = 19.90 ÷ 1/16

= 19.90 × 16/1

= 318.4

Therefore, the total money with the carpenter is $318.4

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What is the coordinate of the midpoint of the
line segment with endpoints

(-8,11)&(14,-21)

Answers

Answer:-

The correct answer is :-

(3,-5)

Step by step explanation:-

-8+14/2 , 11+-21/26/2 , -10/23,-5

Hope it helps !

Mark me brainest and follow me to get the answer faster!!

Stanley runs, swims, and bikes every day. During these workouts, he runs at 9 mph, bikes at 16 mph, and swims at 2.5 mph. Yesterday, he ran for half an hour longer than he swam, and his biking time was twice his running time. How long did Stanley run, swim, and bike yesterday if the total distance he covered was 64 miles?
Chapter Reference
e
What distance did Stanley cover while biking?

Answers

The time spent for each activity can be found writing an equation based on

the known parameters.

The duration of the time Stanley spent running is 1.5 hoursThe duration of the time Stanley spent swimming is 1 hourThe duration of the time Stanley spent Biking is 3 hours

The distance Stanley cover while biking is 48 miles

Reasons:

The running speed = 9 mph

The biking speed = 16 mph

Swimming speed = 2.5 mph

The time spent running = 0.5 hour + Time spent swimming

Biking time = 2 × Running time

The total distance covered = 64 miles

Required:

Time spent running, swimming, and biking

Solution:

Let t represent the time Stanley spent swimming, we have;

(t + 0.5)·9 + 2.5·t + 2×(t + 0.5)×16 = 64

43.5·t + 20.5 = 64

43.5·t  = 64 - 20.5 = 43.5

[tex]t = \dfrac{43.5}{43.5} = 1[/tex]

The time Stanley spent swimming, t = 1 hour

The time Stanley spent running = 0.5 + t

Therefore;

The time spent running = 0.5 hour + 1 hour = 1.5 hour

Time spent running = 1.5 hours

Time spent biking = 2 × Running time

Therefore;

Time spent biking = 2 × 1.5 hours = 3 hours

The distance Stanley cover while biking, d = 3 × 16 mph = 48 miles

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Connor was traveling in Mexico and is returning to his home in the United States.
He has 2,567 pesos left. The current exchange rate is 1 U.S. dollar is equal to 19.43
pesos. How many U.S. dollars will he have if he converts his leftover pesos to
dollars?
$2,567
$102.68
$132.12
$3,414

Answers

Answer:

$132.12

Step-by-step explanation:

19.43 pesos = $1

2567 pesos = ?

1. First divide 2567 by 19.43 to find the exact number of dollars:

2567 ÷ 19.43 = 132.1152856

2. Round this value to 2 decimal places:

132.1152856 ≈ $132.12

Step-by-step explanation:

19.43 pesos = 1 U.S. dollar

So 1 peso = [tex]\frac{1}{19.43}[/tex] U.S. dollar

2567 pesos = [tex](\frac{1}{19.43} )(2567)[/tex] U.S. dollar

= 132.115286 U.S. dollar

please give me a brainliest answer

this one as well please

Answers

Answer:

i need points

Step-by-step explanation:

i need points

Okay, so, start by rearranging the problem (because it’s multiplication, you can do that), you get

(sin^2(x)-cos^2(x))*cos(x)*sec(x) + cos^2(x)

cos and sec are inverses, so they cancel each other out leaving you with

sin^2(x)-cos^2(x)+cos^2(x)

The cos^2(x) cancel each other out leaving you with

sin^2(x)

Solve for x. Help asap, please!

Answers

Answer:

[tex]x=4\frac{1}{8}[/tex]

Step-by-step explanation:

Step 1: Multiply (2x+5) by [tex]-\frac{3}{4}[/tex].

[tex]-\frac{3}{4}(2x+5)=-\frac{3}{4}*2x-\frac{3}{4}*5=-\frac{3}{2}x-\frac{15}{4}[/tex]

The equation becomes [tex]2\frac{1}{2}x-\frac{3}{2}x-\frac{15}{4}=\frac{3}{8}[/tex]

Step 2: Combine all terms that have a variable.

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

The equation becomes [tex]x-\frac{15}{4}=\frac{3}{8}[/tex]

Step 3: Add [tex]\frac{15}{4}[/tex] to both sides of the equation.

[tex]x-\frac{15}{4}+\frac{15}{4}=\frac{3}{8}+\frac{15}{4}[/tex]

[tex]x=\frac{3}{8}+\frac{15}{4}=\frac{3}{8}+\frac{30}{8}=\frac{33}{8}=4\frac{1}{8}[/tex]

[tex]x=4\frac{1}{8}[/tex]

Solve for x. −23(3x−4)+3x=56

A. x=−196 ​

B. x=−116 ​ ​

C. x=216 ​

D. x=296

Answers

Answer:

x = 6/11

Step-by-step explanation:

−23(3x−4)+3x=56

Distribute

-69x + 92 +3x = 56

Combine like terms

-66x+92 = 56

Subtract 92 from each side

-66x+92-92 = 56-92

-66x =-36

Divide each side by -66

-66x/-66 = -36/-66

x = 6/11

Answer:

x=6/11

Step-by-step explanation:

Create and solve another problem about Jeremiah and his lemonade stand which requires multiplying decimals

Answers

Answer:

116 ounces

Step-by-step explanation:

Hope this helps.

HELP HELP HELP !!!!!

Answers

Answer:

4294967296 Kilograms

Step-by-step explanation:

Great Pyramid has 2^21 blocks

2^21 = 2097152, so

2097152 blocks

Blocks weigh 2^11 each

2^11 - 2048, so

2048 kg per block

2097152(number of blocks) x 2048(weight in kilograms per block) = The Great Pyramid in Egypt weighs 4294967296 Kilograms

Step-by-step explanation:

More than 2,300,000 limestone and granite blocks were pushed, pulled, and dragged into place on the Great Pyramid. The average weight of a block is about 2.3 metric tons (2.5 tons).

How much is that? Well, you can think of it in terms of refrigerators. An average refrigerator weighs about 91 kg. If 1 metric ton = 1,000 kg, how many refrigerators equal a 2.3-metric ton block?

A 25 refrigerators

B 5 refrigerators

C 90 refrigerators

(hope this helps!)

what is the answer for 4|x+7|=16

Answers

Answer:

-3

Step-by-step explanation:

hope it helps

The radius is 7. Find the circumference of p. Leave your answer in terms of pi.

Answers

Answer:

Step-by-step explanation:

Hi there!

According to the question;

radius (r) = 7

We know,

Circumference (c) = 2πr

                              = 2π * 7

                              = 14π

Therefore the circumference of p is 14π.

Hope it helps!

Answer:

C.

Step-by-step explanation:

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

which is an appropriate estimate for the following 62,372/29?

Answers

Answer:

=62372/29

=2150.758621 ans.

mark me brainlist plz.

Answer:

Step-by-step explanation:

62,372/29 = about 2150

Plz help I need help

Answers

Answer:

Not proportional

Step-by-step explanation:

This is because there is not an equal about of feet per day

Which of the following is the solution to the quadratic equation
x2−10x+21=0 ?

Answers

Step-by-step explanation:

the answer is the image above

Answer:

x=3  and x=7

Step-by-step explanation:

x2 - 10x + 21=0

a=1, B=-10, c=21

delta= b2 - 4(ac)

if delta >0 => have two answer

x1= -b - _/delta / 2a = -(-10) - _/16 / 2.1 = 3

x2= -b + _/delta /2a = -(-10) + _/16 / 2.1= 7

3 ice cream cones cost $ 8.25

At this rate , how much do 2 ice cream cones cost ?

Answers

Answer:

The cost of 2 icecream cones is $5.50. Given data: Price of 3 icecream cones is $8.25. 1 icecream come = $(8.25÷3) =$ 2.75.

Step-by-step explanation:

Answer:

5.50

Step-by-step explanation:

8.25 divided by 3 =2.75

Then take 2.75 and multiply it by 2 and you get your answer which is 5.50

HELP LAST ATTEMPT!! marking as brainliest!

Answers

Answer:

i m not sure... whether it's correct or not......

bt I tried my best

Find the product (answer )

-3/10 x 7/10

A) 21/100
B) 4/10
C) -21/100
D) -2/5

Answers

Answer:

[tex]C) -21/100=-0.21[/tex]

Step-by-step explanation:

[tex]→\frac{- 3}{10} \times \frac{7}{10} [/tex]

[tex]→ \frac{ - 3 \times 7}{10 \times 10} [/tex]

[tex] →\frac{ - 21}{100} [/tex]

Answer:

[tex]c) \frac{ - 21}{100} [/tex]

Step by step Explanation:

[tex] \frac{ - 3}{10} \times \frac{7}{10} = \frac{ - 21}{100} \: \: \\ option \: c \: is \: correct[/tex]

How much has James earned since the beginning of the year in 2014? (use pay stub) *
1 point
$1,451.28
$3548.72
$5,000

Answers

Can you give more information?

Pleas help me out here.

Answers

Answer:

A and E

Step-by-step explanation:

The given problem shows a graph of a vertical line with an undefined slope, in which its equation is x = 3 (which matches Option A).

It is not considered a function because it has the same input for every given output.  This means that regardless of its y-coordinate, its corresponding x-coordinate will always be x = 3.  

The Vertical Line Test allows us to know whether or not a graph is actually a function. Remember that a function can only take on one output for each input. We cannot plug in a value and produce two output values.  Since the graph represents a vertical line, it automatically fails the vertical line test. Therefore, it is not a function.

Because it is not a function, Options B, C, and D are invalid answers.

Hence, the correct answers are Options A and E.

Help me plz? What is the ANSWER?

Answers

Answer:

48

Step-by-step explanation:

To solve, multiply by 6:

2*6= 12

8*6= 48

Hope this helps!

Answer:

48

Step-by-step explanation:

answer is 48 i hope it helps you

Find the 68th term of the following arithmetic sequence.
16, 23, 30, 37,

Answers

7n+8

Then just go 7(68)+8

=484

Answer:

485

Step-by-step explanation:

first term = 16

second term = 23

common difference= second -. first

=23-16

=7

68 term= a + 67d

=16+67×7

=16 +469

=485

Translate the sentence into an equation.

Five less than the product of 6 and a number is equal to 8.

Use the variable y for the unknown number,

Answers

6x-5=8

There you go!

Answer:

(6 times n) - 5 = 8

Step-by-step explanation:

First we need to multiply 6 by a number and then subtract 5 from the total which will then equal to 8

Other Questions
Please please hurry!!!!! Help do as many as u can Sorry its blurry What is a Font? I need help please Summarise those 3 paragraphsHowever, after a similar effort, while he lay there again sighing as before and once again saw his small limbs fighting one another, if anything worse than before, and didnt see any chance of imposing quiet and order on this arbitrary movement, he told himself again that he couldnt possibly remain in bed and that it might be the most reasonable thing to sacrifice everything if there was even the slightest hope of getting himself out of bed in the process. At the same moment, however, he didnt forget to remind himself from time to time of the fact that calm (indeed the calmest) reflection might be better than the most confused decisions. At such moments, he directed his gaze as precisely as he could toward the window, but unfortunately there was little confident cheer to be had from a glance at the morning mist, which concealed even the other side of the narrow street. Its already seven oclock, he told himself at the latest striking of the alarm clock, already seven oclock and still such a fog. And for a little while longer he lay quietly with weak breathing, as if perhaps waiting for normal and natural conditions to reemerge out of the complete stillness.But then he said to himself, Before it strikes a quarter past seven, whatever happens I must be completely out of bed. Besides, by then someone from the office will arrive to inquire about me, because the office will open before seven oclock. And he made an effort then to rock his entire body length out of the bed with a uniform motion. If he let himself fall out of the bed in this way, his head, which in the course of the fall he intended to lift up sharply, would probably remain uninjured. His back seemed to be hard; nothing would really happen to that as a result of the fall. His greatest reservation was a worry about the loud noise which the fall must create and which presumably would arouse, if not fright, then at least concern on the other side of all the doors. However, it had to be tried.As Gregor was in the process of lifting himself half out of bed (the new method was more of a game than an effort; he needed only to rock with a constant rhythm) it struck him how easy all this would be if someone were to come to his aid. Two strong people (he thought of his father and the servant girl) would have been quite sufficient. They would have only had to push their arms under his arched back to get him out of the bed, to bend down with their load, and then merely to exercise patience and care that he completed the flip onto the floor, where his diminutive legs would then, he hoped, acquire a purpose. Now, quite apart from the fact that the doors were locked, should he really call out for help? In spite of all his distress, he was unable to suppress a smile at this idea do you kno da waeno questiong why i post it If PS= RS= 38 and PQ, what is QR? a)83b)64c)38d)46 An oil tanker can be emptied by the main pump in 5 hours. An auxiliary pump can empty the tanker in 7 hours. If the main pump is started at 7 PM, when should the auxiliary pump be started so that the tanker is emptied by PM? Suppose you have entered 103 -mile biathlon that consists of a run and a bicycle race. During your run, your average velocity is 5 miles per hour, and during your bicycle race, your average velocity is26 miles per hour. 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