Acar insurance company has 2500 policy holders. the expected claim paid to a policy holder during a year is $1000 with a standard deviation of $900. what premium should the company charge to each policy holder to assure that, approximately, with probability 0.999, the premium income will cover the cost of the claims? use the central limit theorem to answer this question. you can use that φp3.0903q 0.999, where φ denotes the cdf of the standard normal distribution.

d

step-by-step explanation:

answer: the price of one pound cabbage = $ 0.8

the point (10,8) represents that the cost of 10 pounds cabbage is $ 8

step-by-step explanation:

since, here is a proportional relation between the number of pounds of cabbage (x) and the price in dollars (y).

therefore, we can write,

⇒ y = k x

where k is the constant of proportionality.

now, point (5,4) is in the line.

thus, it will satisfies the above equation of line.

⇒ 4 = 5 k

⇒ k = 0.8

thus, the equation of the line is,

y = 0.8 x

a) for x = 1,

y = 0.8

therefore, the cost of one pound of cabbage is 0.8 dollars.

b) in the below graph (10,8) represents that the cost of 10 pounds of cabbage is 8 dollars.