subject
Mathematics, 25.02.2021 17:00 Kjcampbell2

9) Burger Prince Restaurant is considering the purchase of a $100,000 fire insurance policy. The fire statistics indicate that in a given year the probability of property damage in a fire is as follows: Fire Damage Probability $100,00 .006 $75,000 .002 $50,000 .004 $25,000 .003 $10,000 .005 $0 .980 Requested: a. If Burger Prince was risk neutral, how much would they be willing to pay for fire insurance? b. If Burger Prince has the utility values given below, approximately how much would they be willing to pay for fire insurance? Amount of Loss Utility $100,0 00 $75,00 0 30 $50,00 60 $25,00 85 $10,00 95 $5,000 99 $0 100

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:00
Find the required measurements of the following trapezoids. a = 8 cm b = 16 cm h = 10 cm
Answers: 2
question
Mathematics, 21.06.2019 20:00
The two cylinders are similar. if the ratio of their surface areas is 9/1.44 find the volume of each cylinder. round your answer to the nearest hundredth. a. small cylinder: 152.00 m3 large cylinder: 950.02 m3 b. small cylinder: 972.14 m3 large cylinder: 12,924.24 m3 c. small cylinder: 851.22 m3 large cylinder: 13,300.25 m3 d. small cylinder: 682.95 m3 large cylinder: 13,539.68 m3
Answers: 2
question
Mathematics, 21.06.2019 20:30
Select all the expressions that will include a remainder.
Answers: 1
question
Mathematics, 21.06.2019 21:00
Graph the system of inequalities presented here on your own paper, then use your graph to answer the following questions: y < 4x − 8 y is greater than or equal to negative 5 over 2 times x plus 5 part a: describe the graph of the system, including shading and the types of lines graphed. provide a description of the solution area. (6 points) part b: is the point (5, −8) included in the solution area for the system? justify your answer mathematically. (4 points)
Answers: 3
You know the right answer?
9) Burger Prince Restaurant is considering the purchase of a $100,000 fire insurance policy. The fir...
Questions
question
Mathematics, 22.09.2020 20:01
Questions on the website: 13722367