An insurance company charges $800 annually for car insurance. The policy specifies that the company will pay $1000 for a minor accident and $5000 for a major accident. If the probability of a motorist having a minor accident during the year is 0.2 and of having a major accident is 0.05 (and these events are mutually exclusive), what is the insurance company's expected profit on the policy

Answers

Answer 1

Answer: the expected profit will be $755 annually.

Explanation: Expected Profit (EP) = Charges (income for the insurance company) - probability of minor accidents X amount payable for a minor accident - probability of mayor accidents X amount payable for a major accident.

800- 1000 (0.2) -5000 (0.05)= 800-20-25= 755


Related Questions

Video Example EXAMPLE 5 Where is the function f(x) = |x| differentiable? SOLUTION If x > 0, then |x| = and we can choose h small enough that x + h > 0 and hence |x + h| = . Therefore, for x > 0 we have

Answers

Answer:

Step-by-step explanation:

We say that a function is differentiable if it's derivative exists and it is continous over the domain of the original function. Recall that the function |x| is given as |x| = x if [tex]x\geq 0[/tex] and |x|=-x if x<0. In both cases, we have either the function x or -x, which are one-degree polynomials. So, we can find easily their derivatives. So if f(x) = |x|. Then, we have that

[tex]f'(x) = (x)' = 1 \text{if } x\geq 0[/tex]

[tex]f'(x) = (-x)' = -1 \text{if } x<0[/tex]

We should check what happens x=0, since that is the point where the definition of f changes. We can check that

[tex]\lim_{x\to 0^+} f'(x) = 1[/tex] and

[tex]\lim_{x\to 0^-} f'(x) = -1[/tex]

since this limits are not equal, the derivative is not continous at x=0. Hence, the derivative doesn't exist at x=0.

In this case, we say that |x| is differentiable at any x different from 0.

What’s the correct answer for this question?

Answers

Answer:

PO = 20

Step-by-step explanation:

They are equidistant from the centre

PG = GO

x-4=1/2x+3

Multiplying both sides by 2

2(x-4)=x+6

2x-8=x+6

2x-x = 6+8

x = 14

Now

PO = 14-4+7+3

PO = 10+10

PO = 20

What’s the value of x?

Answers

Answer:

Step-by-step explanation:

here ,

6x +238 = 3x+178 ( vertically opposite angles are equal)

so 6x - 3x = 178 -238

3x =-60

x =-60/3

x=-20

hope it helps / please mark me as the brainliest..

Answer:

x= -20

Step-by-step explanation:

The 2 angles are opposite each other. Therefore, they are vertical angles and congruent. We can set them equal to each other and solve.

6x+238=3x+178

To solve the equation, we want to find out what x is. In order to do this, we have to get x by itself. Perform the opposite of what is being done to the equation. Keep in mind, everything done to one side, has to be done to the other.

First, subtract 3x from both sides

6x-3x+238=3x-3x+178

6x-3x+238=178

3x+238=178

Next, subtract 238 from both sides

3x+238-238=178-238

3x=178-238

3x=-60

Finally, divide both sides by 3.

3x/3= -60/3

x=-60/3

x= -20

Solving a Real-World Inequality
Samuel is running a 3-mile race. He would like to finish the race in under 33 minutes. He has already run for 10.5
minutes. The inequality 10.5 +X< 33 represents the situation.
Solve the inequality. How is the solution interpreted in the context of the problem?
O x< 22.5; Sam hasa maximum of 22.5 minutes left to finish running.
Ox<22.5; Sam has fewer than 22.5 minutes left to finish running.
O x>43.5; Sam has at least 43.5 minutes left to finish running.
O x<43.5; Sam has no more than 43.5 minutes left to finish running.​

Answers

Answer:

B) x < 22.5; Sam has fewer than 22.5 minutes left to finish running.

Step-by-step explanation:

For this case we have the following inequality:

From here, we define the variable x.

x: number of minutes remaining to finish the race.

From here, we clear the value of x.

We have then:

 Therefore, Samuel has less than 22.5 minutes to finish the race in the estimated time.

Answer:

x < 22.5; Sam has fewer than 22.5 minutes left to finish running.

x < 22.5; Sam has fewer than 22.5 minutes left to finish running.

How to solve the inequality?

For this case we have the following inequality:

From here, we define the variable x.

x = number of minutes remaining to finish the race.

From here, we clear the value of x.

We have then:

Therefore, Samuel has less than 22.5 minutes to finish the race in the estimated time.

What are examples of inequality?

The major examples of social inequality include income gap, gender inequality, health care, and social class. In health care, some individuals receive better and more professional care compared to others.

Learn more about inequality here: brainly.com/question/25275758

#SPJ2

What’s the correct answer for this question?

Answers

C. 1/5 chance that they boy did not see the movie.

Answer:

C.

Step-by-step explanation:

The answer is c. Probability has a formula it is, what we want/what we don't want. This means that we can use the table to calculate what the probability is that a randomly selected boy didn't see the movie.

1. 4/16

2. 1/4

Hope this helps! (Please consider giving brainliest)

An amusement park has 15 roller coasters. In how many ways can you choose 10 of the roller coasters to ride during your visit to the park? *

Answers

Answer:

3003 ways

Step-by-step explanation:

We are in a combination or permutation exercise, the difference between them is if the order matters (permutations) or does not matter (combinations),

in this case the order does not matter, since they only ask us for the ways to choose 10 of 15 roller coasters, therefore it would be a combination:

nCr = n! / (r! * (n-r)!

we know that n = 15 and r = 10, we replace:

15C10 = 15! / (10! * (15-10)!

15C10 = 3003

In other words, there are 3003 ways to choose 10 of the 15.

Notice that the alternative hypothesis is a two-tailed test. Suppose ttest_ind method from scipy module is used to perform the test and the output is (-1.99, 0.0512). What is the P-value for this hypothesis test

Answers

Answer:

The p-value of the test is 0.0512.

Step-by-step explanation:

The p-value of a test is well-defined as per the probability, [under the null hypothesis (H₀)], of attaining a result equivalent to or more extreme than what was the truly observed value of the test statistic.

In this case the output of the t-test_ind method from scipy module is provided as follows:

Output = (-1.99, 0.0512)

The first value within the parentheses is the test statistic value.

So the test statistic value is, -1.99.

And the second value within the parentheses is the p-value of the test.

So the p-value of the test is 0.0512.

i need halp pls im confused and it would help me out

lateral area
surface area
volume​

Answers

Step-by-step explanation:

lateral area=area of the full triangle

surface area=area of the four triangles + area of the square

Assume the readings on thermometers are normally distributed with a mean of 0degreesC and a standard deviation of 1.00degreesC. Find the probability that a randomly selected thermometer reads between negative 2.05 and negative 1.49 and draw a sketch of the region.

Answers

Answer:

[tex]P(-2.05<X<-1.49)=P(\frac{-2.05-\mu}{\sigma}<\frac{X-\mu}{\sigma}<\frac{-1.49-\mu}{\sigma})=P(\frac{-2.05-0}{1}<Z<\frac{-1.49-0}{1})=P(-2.05<z<-1.49)[/tex]

And we can find this probability with this difference

[tex]P(-2.05<z<-1.49)=P(z<-1.49)-P(z<-2.05)=0.068- 0.0202= 0.0478[/tex]

And we can see the figure in the plot attached.

Step-by-step explanation:

Let X the random variable that represent the redings on thermometers of a population, and for this case we know the distribution for X is given by:

[tex]X \sim N(0,1)[/tex]  

Where [tex]\mu=0[/tex] and [tex]\sigma=1[/tex]

We are interested on this probability

[tex]P(-2.05<X<-1.49)[/tex]

We can use the z score formula given by:

[tex]z=\frac{x-\mu}{\sigma}[/tex]

Using this formula we got:

[tex]P(-2.05<X<-1.49)=P(\frac{-2.05-\mu}{\sigma}<\frac{X-\mu}{\sigma}<\frac{-1.49-\mu}{\sigma})=P(\frac{-2.05-0}{1}<Z<\frac{-1.49-0}{1})=P(-2.05<z<-1.49)[/tex]

And we can find this probability with this difference

[tex]P(-2.05<z<-1.49)=P(z<-1.49)-P(z<-2.05)=0.068- 0.0202= 0.0478[/tex]

And we can see the figure in the plot attached.

Find the equation of the straight line passing through the point (0, 1)
which is perpendicular to the line
y = -2x + 2
:)

Answers

Answer:

[tex]y = \frac{1}{2} x+1[/tex]

Step-by-step explanation:

Perpendicular => So, it will have a slope of a negative reciprocal to this slope

Slope = m = 1/2

Now,

Point = (x,y) = (0,1)

So, x = 0 and y = 1

Putting this in slope-intercept equation to get b

=> [tex]y = mx+b[/tex]

=> 1 = (1/2)(0) + b

=> b = 1

Now putting m and b in the slope intercept equation to get the required equation

=> [tex]y = \frac{1}{2} x+1[/tex]

Answer:

y = \frac{1}{2} x+1

Step-by-step explanation:

y
6
Which points are located on this graph? Check all that
apply.
4
(1,1)
3
B (2,4)
2
(-3,0)
(0, 3)
(3,5)
-5 -4 -3 -2 -1
2 3
4
5
-2
(1,4)
-3
-4
-5






plssssss hellpppp​

Answers

Answer:

(-3,0) (0,3) (1,4)

Step-by-step explanation:

Answer:

the two you selected and the last choice

(-3, 0)

(0, 3)

(1, 4)

Step-by-step explanation:

Consider that recycling an aluminum can only requires 6% of the energy needed to make the can in the first place. Given that the energy saved by recycling the can will result in enough energy to run a 100W TV for 3 hours. How much energy does it take to make 19 Aluminum cans

Answers

Answer:

21829787.23 joules

Step-by-step explanation:

The recycling will require 6%energy if initial energy, let's say x.

94% of x will be used to power a 100W TV for 3 hours

X = (100*3*60*60)/0.94

X = 1148936.17 joules.

To make 19 aluminum cans ,

It will take 1148936.17*19

= 21829787.23 joules

In a game of poker a player receives a subset of 5 cards from a standard deck of 52 cards. There are four suites (clubs, spades, hearts, diamonds) with 13 cards in each suite. What is the probability your hand contains exactly 3 hearts (out of 5 cards)?

Answers

Answer:

8.15% probability your hand contains exactly 3 hearts

Step-by-step explanation:

A probability is the number of desired outcomes divided by the number of total outcomes.

The order in which the cards are chosen is not important, so we use the combinations formula to solve this question.

Combinations formula:

[tex]C_{n,x}[/tex] is the number of different combinations of x objects from a set of n elements, given by the following formula.

[tex]C_{n,x} = \frac{n!}{x!(n-x)!}[/tex]

What is the probability your hand contains exactly 3 hearts (out of 5 cards)?

We have 52 cards in total.

13 are clubs, 13 are spades, 13 are hearts, 13 are diamonds.

Desired outcomes:

3 hearts, from a set of 13.

Other 2 cards, from a set of 52-13 = 39.

So

[tex]D = C_{13,3}*C_{39,2} = \frac{13!}{3!(13-3)!}*\frac{39!}{2!(39-2)!} = 211926[/tex]

Total outcomes:

5 cards, from a set of 52. So

[tex]T = C_{52,5} = \frac{52!}{5!47!} = 2598960[/tex]

Probabilities:

[tex]p = \frac{D}{T} = \frac{211926}{2598960} = 0.0815[/tex]

8.15% probability your hand contains exactly 3 hearts

If the first term in an arithmetic sequence is -3 and the tenth term is 15, what is the common difference?
A. d = 2
B. d = 3
C. d = 6
D. d = 12

Answers

Answer:

2

Step-by-step explanation:

a10=a1+(n-1)d

15=-3+(10-1)d

15+3=9d

d=2

The best player on a basketball team makes 70​% of all free throws. The​ second-best player makes 65​% of all free throws. The​ third-best player makes 55​% of all free throws. Based on their experimental​ probabilities, estimate the number of free throws each player will make in his or her next 60 attempts. Explain.

For the best​ player, one equation that gives the estimated number of free throws is



The best player will make about

nothing free throws.

Answers

Answer:

Best: 42/60 free throws

Second Best: 39/60 free throws

Third Best: 33/60 free throws

Step-by-step explanation:

If f(x) = 4x^2 and g(x) = x+1, find (f.g)(x).

Answers

Answer:

4x^3 + 4x^2

Step-by-step explanation:

f(x) = 4x^2

g(x) = x + 1

=> (f.g)(x) = 4x^2*(x + 1) = 4x^3 + 4x^2

Hope this helps!

In a certain school district, it was observed that 24% of the students in the element schools were classified as only children (no siblings). However, in the special program for talented and gifted children, 119 out of 415 students are only children. The school district administrators want to know if the proportion of only children in the special program is significantly different from the proportion for the school district. Test at the α=0.05 level of significance.What is the hypothesized population proportion for this test?

Answers

Answer:

We conclude that the proportion of only children in the special program is significantly different from the proportion for the school district.

Step-by-step explanation:

We are given that in a certain school district, it was observed that 24% of the students in the element schools were classified as only children

However, in the special program for talented and gifted children, 119 out of 415 students are only children.

Let p = proportion of only children in the special program.

So, Null Hypothesis, [tex]H_0[/tex] : p = 24%      {means that the proportion of only children in the special program is equal to the proportion for the school district}

Alternate Hypothesis, [tex]H_A[/tex] : p [tex]\neq[/tex] 24%     {means that the proportion of only children in the special program is significantly different from the proportion for the school district}

The test statistics that would be used here One-sample z-test for proportions;

                                T.S. =  [tex]\frac{\hat p-p}{\sqrt{\frac{p(1-p)}{n} } }[/tex]  ~ N(0,1)

where, [tex]\hat p[/tex] = sample proportion of only children in the special program = [tex]\frac{119}{415}[/tex] = 0.29

           n = sample of students = 415

The hypothesized population proportion for this test is 0.24.

So, the test statistics  =  [tex]\frac{0.29-0.24}{\sqrt{\frac{0.24(1-0.24)}{415} } }[/tex]  

                                     =  2.385

The value of z test statistic is 2.385.

Now, at 0.05 significance level the z table gives critical value of -1.96 and 1.96 for two-tailed test.

Since our test statistic doesn't lie within the range of critical values of z, so we have sufficient evidence to reject our null hypothesis as it will fall in the rejection region due to which we reject our null hypothesis.

Therefore, we conclude that the proportion of only children in the special program is significantly different from the proportion for the school district.

Complete the table to investigate dilations of
exponential functions.
2
2*
3-2
23.x
-2
1
4
3
4
64
1
8
-1
2
2 3 4
0
a
c
d
e
1
2
4.
12
64

Answers

Answer: itz 780

Step-by-step explanation:

10. A rectangular tank has length 4 m, width
12 m and height 3.5 m.
i) If the tank is filled with water to 2/3
of its capacity, calculate the volume
of the water in the tank.

Answers

Answer:

112m³

Step-by-step explanation:

VOLUME=L × W × H

= 4m × 12m × 3.5m

= 168m³

THE TANK IS FILLED TO 2/3 OF IT'S CAPACITY

= 2/3 × 168

= 112m³.

The waiting times between a subway departure schedule and the arrival of a passenger are uniformly distributed between 0 and 7 minutes. Find the probability that a randomly selected passenger has a waiting time greater than 2.25 minutes.

Answers

Answer:

The probability that a randomly selected passenger has a waiting time greater than 2.25 minutes is P=0.68.

Step-by-step explanation:

For a uniform distribution, any value within the minimum and maximum value have the same probability. Outside that interval, the probability is 0.

Then, for a uniform distribution within a and b, the probability P(X>c), being z<c<b is:

[tex]P(X>c)=\dfrac{b-c}{b-a}[/tex]

For our case, with a uniform distribution within 0 and 7 minutes, the probability that a randomly selected passenger has a waiting time greater than 2.25 minutes is:

[tex]P(t>2.25)=\dfrac{7-2.25}{7-0}=\dfrac{4.75}{7}=0.68[/tex]

One of the great mysteries of the world is my hotdogs and hotdog buns come in packages of different sizes hotdogs come in packs of eight and burns came in packs of 12 at your local store what is the least number of each you can buy in order to have a equal number of hot dogs and buns

Answers

Answer:

3 pack of hot dogs and 2 pack of buns 24

Step-by-step explanation:

hot dogs come in packs of 8

burns came in packs of 12

what is the least number of each you can buy in order to have a equal number of hot dogs and buns

so to get equal number

we have to look for the LCM of 8 and 12 = 24

therefore the packs will be equal to product

hot dogs come in packs of 8 = 8*3 = 24

burns came in packs of 12 = 12 *2 = 24

therefore, 3 pack of hot dogs and 2 pack of buns 24

plss help bring up my grade please

Answers

The easiest way to solve this problem is by calculating the areas of all the sides and adding them together.

Step 1; Calculate the area of the rectangular front & back

A = 2 * (l * w)

  = 2 * (25 * 10)

Step 2; Calculate the area of the rectangular sides

A = 2 * (1 * w)

  = 2 * (55 * 10)

= 1100 ft^2

Match each term with its notation. Enter the number corresponding to the correct notation in the blank.


______:The number of treatment conditions
______:The number of scores in each treatment
______:The total number of scores in the entire study
______:The sum of the scores for each treatment condition
______:The sum of all of the scores in the research study
______:The F-ratio

1. G
2. k
3. n
4. T
5. n
6. F

Answers

Question:

Match each term with its notation. Enter the number corresponding to the correct notation in the blank.

______:The number of treatment conditions

______:The number of scores in each treatment

______:The total number of scores in the entire study

______:The sum of the scores for each treatment condition

______:The sum of all of the scores in the research study

______:The F-ratio

1. G

2. k

3. N

4. T

5. n

6. F

Answer:

i) K :The number of treatment conditions

ii) n :The number of scores in each treatment

iii) N :The total number of scores in the entire study

iv) T :The sum of the scores for each treatment condition

v) G :The sum of all of the scores in the research study

vi) F :The F-ratio

Step-by-step explanation:

Here we are dealing with ANOVA notations.

ANOVA which is the short form for Analysis of Variance is a test in staristics used to compare two population samples to check if they are equal.

Here, we have the following ANOVA notations:

G, K, n, T, N, F

Where, G is said to be the sum of scores in the research study.

K is the number of treatment.

n is the number of scores in each treatment

T is the sum of scores for each treatment condition.

N is the total number of scores in whole study

F is the F-ratio.

Matching them with the terms given, we have the following:

i) K :The number of treatment conditions

ii) n :The number of scores in each treatment

iii) N :The total number of scores in the entire study

iv) T :The sum of the scores for each treatment condition

v) G :The sum of all of the scores in the research study

vi) F :The F-ratio

Note the difference between "N" and "n"

Convert 78% to a decimal

Answers

78% means 78/100=0.78

What is the equation of the line perpendicular to y=2/3x + 1 that passes through the point (12,-6) ?

Answers

Answer:

y=-3/2x+12

Step-by-step explanation:

perpendicular lines their gradient multiply to form -1 thus gradient line 1=2/3

gradient line 2= -3/2

equation= y=mx+c where m represents gradient

y-(-6)/x-12=-3/2

y+6/x-12=-3/2

y+6=-3/2(x-12)

y+6=-3/2x+18

y= -3/2x+18-6

y=-3/2x+12

you have 4 reindeer, Bloopin, Balthazar, gloopin abd prance, and you want to have 3 fly your sleigh. you always have your reindeer fly in a single-file line. How many different ways can you arrange your reindeer?

Answers

Answer:

24

Step-by-step explanation:

There are 4 options for the first reindeer.

After the first reindeer is selected, there are 3 options left for the second reindeer.

After the second reindeer is selected, there are 2 options left for the final reindeer.

The number of possible permutations is:

₄P₃ = 4×3×2 = 24

Eric's average income for the first 4 months of the year is $1450.25, what must be his average income for the remaining 8 months so that his average income for the year is $1780.75

Answers

Answer:

$ 1,946.00  

Step-by-step explanation:

Average income per year=total income per month/12 months

total income=average income for first 4 months*4+ total income for 8 months

Let x represent total income total income for remaining 8 months

$1780.75=($1450.25*4+x)/12

$1780.75*12=$5,801+x

$21,369==$5,801+x

x=$21,369-$5,801

x=$15,568

The average income for the remaining eight months=x/8=$15568/8 =$1,946.00  

The average income for the remaining 8 months is $ 1,946.00  

if f(x)= 4x squared + 1 and g(x) = x squared -5 , find (f+g)(x)

Answers

Answer:

5x^2 -4

Step-by-step explanation:

f(x)= 4x^2+ 1

g(x) = x^2 - 5

(f+g)(x) = f(x) + g(x)

= 4x^2+ 1 + x^2 - 5

= 4x^2 + x^2 + 1- 5

= 5x^2 -4

Apple weights in an orchard are normally distributed. From a sample farmer Fred determines the mean weight of a box of apples to be 270 oz. with a standard deviation of 10 oz. He wonders what percent of the apple boxes he has grouped for sale will have a weight less than 255 oz.

Answers

Answer:

2.07 is the answer as of e.2020

Step-by-step explanation:

List four monthly cost that a homeowner needs to pay?

Answers

Answer:

A homeowner has to pay phone bill, home insurance, cable bill, internet bill

Step-by-step explanation:

If the homeowner doesn't pay these then they won't get to continue using it until they pay for it again.

Answer:

The answer should contain any four of the following:

utility fees

association fees

private mortgage insurance (PMI)

title insurance

homeowners insurance

property taxes

Step-by-step explanation: This is the PLATO answer.

Other Questions
One apple and three oranges cost $5.10 and another 5 oranges and one Apple cost $7.50 what is the price of one apple and one orange Please help me. I already have the systems of linear equations which is y=87x+2129Y=171xI had solved using substitution method and got y=4334.85 and x=25.35I attached the question that I need help with. Slove the equation y+3=-y+9 on edge A)y=1B)y=3 C)y=6 D)y=9 2/xy^2Give the equivalent numerator if the denominator is x3y2.a) xyb) 2x^2c) 2x^3y^2 Based on your knowledge of the formation music video and Beyoncs 2016 Super Bowl Halftime Show, do you think that the Miami police should boycotted Beyoncs performance? Why or why not? Include 5-8 sentences and 3 details Henry invested $59,000 in an account paying an interest rate of 2% compounded quarterly. Assuming no deposits or withdrawals are made, how much money, to the nearest cent, would be in the account after 20 years? What do you think are appropriate ways of ensuring that all Canadians are able to maintain a right to religious freedom? The parallelograms with opposite sides equal and diagonalsequal are _________ and _____________ Just not sure which one it is exactly URGENT: A fungus kills 75% of the plant life in tropical areas such as Florida, Mexico, Central America, and the Bahamas. These areas include plants that do not go into a dormancy, like in New England, and a significant percentage of global rain forests. Would might be the global result as it relates to: photosynthesis rate, amount of atmospheric carbon dioxide, and ecosystem balance. 8 What does the sample space represent? A number is selected from the set {1, 2, 3, 5, 15, 21, 29, 38, 500}. If equal elemental probabilities are assigned, what is the probability that the number chosen is either less than 29 or odd? 6/9 7/9 8/9 Why did people support the general allotment act? Randy makes two slices through a three-dimensional object. One plane is parallel to the base; the other plane is perpendicular to the base. The two cross-sections are the same size and shape. What three dimensional shapes Might randy have cut (1)write a letter to a bookseller ordering some books of your choice.plz helpwill give the brainliest! The probability of a chance event is 0.5, it isto happenwhen compared to a chance event with a probability of 1.Select one: Identify how the united states intervened in each Latin American country Compare a 3s orbital to a 3p orbital. Which of the following are true? I. The orbitals have the same shape. II. The orbitals have different shapes. III. The orbitals have the same energy. IV. The orbitals have different energies. The cafe where you work just ran out of coffee and you are at the store to buy 1 and 1/2 pounds of coffee you have to put a can with 3/4 pound of coffee in to your shopping cart how many more pounds of coffee do you need what do a peptide, polypeptide, and protein all have in common