Mathematics, 17.07.2020 21:01, 182075

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 10000, with probabilities 0.82, 0.09, 0.07, and 0.02, respectively. A particular company offers three different policies: a $200 deductible with a $800 premium, a $500 deductible with a $700 premium, and a $1000 deductible with a $600 premium. (A $Y deductible means the insurance company pays X - Y for X Y and 0 for X Y.) Compute the expected profit for each policy.

Answers: 2

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 14:00, heatherswiffin666

Rewrite the following without an exponent. (5/8)-1

Answers: 1

continue

Mathematics, 21.06.2019 20:40, mruffier6239

In a 45-45-90 right triangle, what is the ratio of the length of one leg to the length of the other leg? а . 1: 2 в. 2: 1 с. 2: 1 d. 1: 1

Answers: 1

continue

Mathematics, 21.06.2019 20:50, googoo4

Including 6% sales tax, an inn charges $135.68 per night. find the inns nightly cost

Answers: 1

continue

Mathematics, 21.06.2019 22:00, harrypottergeek31

Thanh and her crew are building a stage in the shape of a trapezoid for an upcoming festival. the lengths of the parallel sides of the trapezoid are 14 ft and 24 ft. the height of the trapezoid is 12 ft. what is the area of the stage? enter your answer in the box. ft²

Answers: 2

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...