Suppose a company charges an annual premium of $475 for a fire insurance policy. In case of a fire claim, the company will pay out an average of $100,000. Based on actuarial studies, it determines that the probability of a fire claim in a year is 0.004. What is the expected annual profit of a fire insurance policy for the company? What annual profit can the company expect if it issues 1000 policies?

(x, y)→(x − 8, y − 7)

step-by-step explanation:

enjoy!

i need a diagram

step-by-step explanation:

no

no oblique asymptote

step-by-step explanation:

to find the oblique asymptote of f(x)

here numerator has degree 1 and denomintor degree 2

degree of numerator < degree of denominator

hence there is no oblique asymptote

when the degree of the denominator > that of the numerator, we saw that the value in the denominator got so much bigger, so quickly,   giving us a horizontal asymptote of the x-axis. or we can write

f(x) = a polynomial of x + a proper fraction.

in this case only we have oblique asymptotes but not when numerator has less degree.