Answer:
20
Step-by-step explanation:
See attached picture for solution:
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
Learn more here:
brainly.com/question/19819099
Answer:
the answer is this
Step-by-step explanation:
To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin
Answer:
7.1
Step-by-step explanation:
- Find mean
- For each number you subtract the mean and square the result.
- Work out the mean of those squared differences and find square root of that.
- Hope that helped! Let me know if you need further explanation.
