An insurance company offers three policy options. The probability a car will be damaged
in a given year is 5%, and if a car is damaged,
the cost of the repairs will be $1000. Which
option has the least expected annual cost for
the car owner? Explain.

Insurance Policy Options

Annual. Deductible
(A) 900. (A) 0
(B) 800. (B) 400
(C) 700. (C) 1000

Although changes result from business transactions, the equality of the fundamental bookkeeping equation must remain. t/f

As voters exit the polls, you ask a representative random sample of voters if they voted for a proposition. if the true percentage of voters who vote for the proposition is 63%, what is the probability that, in your sample, exactly 5 do not voted for the proposition before 2 voted for the proposition? the probability is

If p(x) is the total value of the production when there are x workers in a plant, then the average productivity of the workforce at the plant is a(x) = p(x) x . (a) find a'(x). a'(x) = xp'(x) − p(x) x a'(x) = xp'(x) − p(x) x2 a'(x) = p'(x) − p(x) x a'(x) = xp'(x) − p'(x) x2 a'(x) = p'(x) − xp(x) x2 why does the company want to hire more workers if a'(x) > 0? a'(x) > 0 ⇒ a(x) is ; that is, the average productivity as the size of the workforce increases. (b) if p'(x) is greater than the average productivity, which of the following must be true? p'(x) − xp(x) > 0 p'(x) − xp(x) < 0 xp'(x) − p'(x) > 0 xp'(x) − p(x) < 0 xp'(x) − p(x) > 0