subject
Mathematics, 17.11.2020 16:50 redsakura

An insurance company charges Ted E. Bear $1400 per year for insurance on his home. The company has predicted that there is a 10% chance that Ted will make a claim on the policy of $5000. Create a probability distribution and determine what the insurance company can expect to make on this policy, on average?

ansver
Answers: 3

Another question on Mathematics

question
Mathematics, 21.06.2019 20:10
Select the correct answer what is the most direct use of a compass in geometric constructions? a. to draw congruent angles b. to draw arcs of a given size c. to draw perpendicular lines d. to draw straight lines reset next next
Answers: 2
question
Mathematics, 21.06.2019 21:40
What is the value of x in the equation 1.5x+4-3=4.5(x-2)?
Answers: 2
question
Mathematics, 21.06.2019 23:10
Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?
Answers: 3
question
Mathematics, 22.06.2019 03:00
The salesperson earns a 5% commission on the first $5,000 she has in sales. the salesperson earns a 7.5% commission on the amount of her sales that are greater than $5,000. this month the sales person had $8,000 in sales. what amount of commission, in dollars, did she earn?
Answers: 3
You know the right answer?
An insurance company charges Ted E. Bear $1400 per year for insurance on his home. The company has p...
Questions
question
Social Studies, 13.07.2020 20:01
question
Mathematics, 13.07.2020 20:01
Questions on the website: 13722362