Answer:
The expected value for the insurance company is $200
Step-by-step explanation:
In order to calculate the expected value for the insurance company we would have to make the following calculation:
expected value for the insurance company=expected value live+expected value die
expected value live=Net gain*probability of living
expected value live=$300*0.999=$299.70
expected value die=Net gain*probability of die
expected value die=(-$100,000 + $300)*0.001
expected value die=$-99.70
Therefore, expected value for the insurance company=$299.70-$99.70
expected value for the insurance company=$200
The expected value for the insurance company is $200
Answer:
When the value of a slope of a line gets smaller, the line on a graph gets flatter.
Answer:
option B
Step-by-step explanation:
Given:
per day late costs= 1.50
Purchase price= 9.99
A round trip cab ride to the video store will cost = 10
5 day late cost= 5(1.50)
= 7.50
Payment after 5 day late= 5 day late cost + Purchase price
= 7.50 + 9.99
= 17.49
If she gets a cab, then total payment= 10 + 7.50
= 17.50
Hence both costs almost the same, option B is true
b.
It would cost about the same to keep or return the movie. Susan should keep it!
