Mathematics, 23.09.2019 18:10, semawa3638

Let x be the damage incurred (in $) in a certain type of accident during a given year. possible x values are 0, 1000, 5000, and 1, with probabilities 0.83, 0.10, 0.05, and 0.02, respectively. a particular company offers a $500 deductible policy. if the company wishes its expected profit to be $100, what premium amount should it charge?

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 23:50, kordejah348

Which of the following are independent events? a) knowing that it is going to rain tomorrow, and bringing an umbrella to schoolb) knowing that you have to get up early tomorrow, and going to bed before 9 p. mc) knowing that it is going to rain tomorrow, and going to bed before 9 p. md) knowing that you have a test in school tomorrow, and studying thw night before

Answers: 2

continue

Mathematics, 22.06.2019 01:30, germaine88

Recall that two angles are complementary if the sum of their measures is? 90°. find the measures of two complementary angles if one angle is twenty dash nine times the other angle.

Answers: 2

continue

Mathematics, 22.06.2019 02:30, meganwintergirl

Suppose you have 10 skittles. 5 green and 5 red. you choose 4 without looking. what is the probability that all 4 skittles will be green?

Answers: 2

continue

Mathematics, 22.06.2019 03:30, ghari112345

Captain umaima has a ship, the h. m.s. khan. the ship is two furlongs from the dread pirate nadia and her merciless band of thieves. the captain has probability 3/7 of hitting the pirate ship. the pirate only has one good eye, so she hits the captain's ship with probability 2/5. if both fire their cannons at the same time, what is the probability that the captain hits the pirate ship, but the pirate misses.

Answers: 3

continue

Do you know the correct answer?

Let x be the damage incurred (in $) in a certain type of accident during a given year. possible x va...