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Mathematics, 06.06.2020 16:57, jamessmith86
1. An insurance policy sells for $500. Based on past data, an average of 1 in 50 policyholders will file a $5000 claim, an average of 1 in 100 policyholders will file a $10000 clam, and an average of 1 in 200 policyholders will file a $30,000 claim. A) Find the expected value (to the company) per policy sold. B) If the company sells 10,000 policies, what is the expected profit or loss? 2. When flipping a fair coin 4 times in a row, which outcome is more likely?3A. If you flip a coin 10 times and the coln lands on tails 3 out of 10 times, should you expect the coin is unfair? Explain. 3B. If you flip a coin 10,000 times and the coin lands on heads 3,000 out of 10,000 times, should you expect the coin is unfair? Explain.
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Mathematics, 21.06.2019 17:30, hp1013756
1. if we have 3 babies what is the probability they’re going to be all boys? 2. if we roll 2 die at the same time what is the probability of getting less than 10 on the first roll and a 5 on the second roll 3. if we have 3 babies what is the probability their is going to be 2 girls? 4. if we have 3 babies what is the probability of having no more than 1 girl? 5. it we have 3 babies and then have another 3 babies what is the probability of us having at least 1 boy and then having all girls?
Answers: 1
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1. An insurance policy sells for $500. Based on past data, an average of 1 in 50 policyholders will...
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