Automobile policies are separated into two groups: low-risk and high-risk. Actuary Rahul examines low-risk policies, connuing unl a policy with a claim is found and then stopping. Actuary Toby follows the same procedure with high-risk policies. Each low-risk policy has a 10% probability of having a claim. Each high-risk policy has a 20% probability of having a claim. The claim statuses of polices are mutually independent. Calculate the probability that Actuary Rahul examines fewer policies than Actuary Toby.

Answers

Answer 1

Answer:

The probability that Actuary Rahul examines fewer policies that Actuary Toby = 0.2857

Step-by-step explanation:

It is said that Actuary Rahul examines a low risk policy

Probability of a low risk policy having a claim = 10% = 0.1

Actuary Toby examines high risk policy

Probability of a high risk policy having a claim = 20% = 0.2

Let the number of policies examined by actuary Rahul before he finds a claim and stop be n

Probability that actuary Rahul examines exactly n policies =  [tex]0.9^{n-1} (0.1)[/tex]

Probability that Toby examines more than n policies = [tex]0.8^n[/tex]

Since the claim statuses of policies are mutually independent, the probability that both events happen simultaneously = [tex]0.9^{n-1} (0.1) (0.8)^n[/tex]

probability that both events happen simultaneously = [tex]\frac{0.1}{0.9} (0.72^{n})[/tex]

The probability that Actuary Rahul examines fewer policies that Actuary Toby = [tex]\sum\limits^ \infty_1 {\frac{0.1}{0.9} 0.72^{n} }[/tex] = [tex]\frac{1}{9}\sum\limits^ \infty_1 { 0.72^{n} } = \frac{1}{9} (\frac{0.72}{1-0.72} ) = \frac{1}{9} (\frac{0.72}{0.28} )[/tex]

The probability that Actuary Rahul examines fewer policies that Actuary Toby = 0.2857


Related Questions

3x - 2y = 12
Find the x and y intercepts

Answers

Answer:

x-intercept: 4    y-intercept: - 6

Step-by-step explanation:

To find the y-intercept, we must first solve for y.

Isolate variable y on the left side of the equation by subtracting 3x from both sides.

- 2y = - 3x + 12

Now divide both sides by - 2 to find y.

y = 3/2x - 6

The y-intercept is - 6.   (remember formula y = mx + b, where b is the y-intercept)

To find the x-intercept, we must solve for x.

Isolate variable x on the left side of the equation by adding 2y to both sides.

3x = 2y + 12

Now divide both sides by 3 to find x.

x = 2/3y + 4

The x-intercept is 4.    (remember formula x = my + b, where b is the x-intercept)

Answer:

4 and - 6

Step-by-step explanation:

3x-2y=12

x= 0 ⇒ -2y=12 ⇒ y= -6y=0 ⇒ 3x= 12 ⇒ x= 4

You currently drive 300 miles per week in a car that gets 15 miles per gallon of gas. You are considering buying a new fuel-efficient car for $12,000 (after trade-in on your current car) that gets 50 miles per gallon. Insurance premiums for the new and old car are $800 and $600 per year, respectively. You anticipate spending $1200 per year on repairs for the old car and having no repairs on the new car. Assume gas costs $3.50 per gallon. Over a five-year period, is it less expensive to keep your old car or buy the new car?

Answers

Answer:

No, it is not less expensive to keep the old car as the price calculation is higher then the New Car

Purchasing new car is less expensive

Step-by-step explanation:

NEW CAR EXPENSES= $21,240

OLD CAR EXPENSES= $25,800

NB: Kindly check attached picture for calculations

Please help! I'm stuck on this one :(

Answers

Answer:

[900, 1300]

Step-by-step explanation:

According to the empirical rule, 95% is within ±2 standard deviations.

1100 − 2(100) = 900

1100 + 2(100) = 1300

round off the number 0.007326 correct to 3 significant figures 3 decimal places​

Answers

Answer:0.007

Step-by-step explanation:

Calculate the product of 8/15, 6/5, and 1/3.
B. 16:15
D. 16/75
A. 48
0115​

Answers

Answer:

16/75, D

Step-by-step explanation:

6/5*1/3. We can cross simplify to make it 2/5*1/1. That is 2/5. Then, 2/5*8/15 is 16/75 which is answer choice D.

1.x2+3x+3=0
2.x2-2x-3=0
3.x2-6x+9=0
4.-x2+3=0

Answers

Step-by-step explanation:

the two A's in the buttom is correct

How much of other chemicals must be evaporated from 400 grams of a hand sanitizer that is 24% alcohol to strengthen it to a hand sanitizer that is 30% alcohol? Correct your answer to the nearest whole number

Answers

Answer:

Mass of other chemicals to be evaporated is 24 grams.

Step-by-step explanation:

The initial mass of the hand sanitizer = 400 grams, and has an alcohol content of 24%.

mass of its alcohol content = [tex]\frac{24}{100}[/tex] × 400

                                            = 96 grams

mass of non-alcoholic content = 400 - 96

                                                  = 304 grams

If the percentage of alcohol is increased to 30%, then;

mass of its alcohol content = [tex]\frac{30}{100}[/tex] × 400

                                             = 120 grams

The mass of other chemicals to be evaporated = 120 - 90

                                                 = 24 grams

The circle above has an area of 144 pi cm^2. What is the area of the blue sector? Use 3.14 for pi.

Answers

Answer:

150.72 cm^2

Step-by-step explanation:

The blue area has an angle of 120 degrees, and 120/360 = 1/3, which shows that the blue area is 1/3 of the circle. In that case, the blue area is just 144pi/3. That simplifies to 48 pi.

48*3.14 = 150.72

Which angle is in standard position?

On a coordinate plane, 2 rays form an angle and both rays are not on the y- or x-axis.

On a coordinate plane, 2 rays form an angle and both rays are not on the y- or x-axis.

On a coordinate plane, 2 rays form an angle. One ray sits on the x-axis.

On a coordinate plane, 2 rays form an angle and both rays are not on the y- or x-axis.

Mark this and return

Answers

Answer:

(C)On a coordinate plane, 2 rays form an angle. One ray sits on the x-axis.

Step-by-step explanation:

An angle is stated in the standard position with respect to the x-axis.

Therefore, for an angle to be in standard position, one of its rays must be on the x-axis.

From the given options, only Option C has a ray on the x-axis and therefore is the angle that is in standard position.

Answer:

The answer to this question is C) (the third graph)

Answers to the entire test are

1. A) Quadrant 1

2. B) –270° and 90°

3. D) 126° + (720n)°, for any integer n

4. A) –90° and 630°

5. A) (the first graph)

6. D) n = 6

7. C) x = y + 360 n, for any positive integer n

8. B) 10°

9. C) (the third graph)

10. C) 495°

Step-by-step explanation:

Just took it. Edg 2021. Hope this helps :) (smiley's name is George, George says hi)

the table shows miles driven by a car and the gallons of gas used to drive those miles. how many miles did the car travel on a gallon of gas?

Answers

Answer:

May we see the graph?

Step-by-step explanation:

Suppose that a large mixing tank initially holds 400 gallons of water in which 70 pounds of salt have been dissolved. Pure water is pumped into the tank at a rate of 4 gal/min, and when the solution is well stirred, it is then pumped out at the same rate. Determine a differential equation for the amount of salt A(t) in the tank at time t > 0. What is A(0)

Answers

Answer:

[tex]\dfrac{dA}{dt}+ \dfrac{A}{100}=0[/tex]

A(0) = 70  (i.e the pounds of salt dissolved into the tank)

Step-by-step explanation:

Given that:

a large mixing tank initially holds 400 gallons of water  in which 70 pounds of salt have been dissolved.

The rate at which pure water is pumped into the tank is 4 gal/min

After stirring; the pure water is then pumped out at the same rate.

The objective is to determine the differential equation  for the amount of salt A(t) in the tank at time t > 0. What is A(0)

Taking the differential of:

[tex]\dfrac{dA}{dt}=R_{in}-R_{out}[/tex]     ---- (1)

where ;

[tex]R_{in[/tex] = 0

[tex]R_{out} =\dfrac{A(t)}{400}*4[/tex]

[tex]R_{out} =\dfrac{A}{100}[/tex]

replacing them into (1) ; we have:

[tex]\dfrac{dA}{dt}=0 - \dfrac{A}{100}[/tex]

[tex]\dfrac{dA}{dt}=- \dfrac{A}{100}[/tex]

[tex]\dfrac{dA}{dt}+ \dfrac{A}{100}=0[/tex]

A(0) = 70 (i.e the pounds of salt dissolved into the tank)

The differential equation for the amount of salt A(t) in the tank at time t > 0 is [tex]\frac{dA}{dt} + \frac{A}{100} = 0[/tex]

A (0)= 70

Given that,

Suppose that a large mixing tank initially holds 400 gallons of water in which 70 pounds of salt have been dissolved. Pure water is pumped into the tank at a rate of 4 gal/min

The Calculation is as follows:

[tex]dA\div dt=R_{in}-R_{out}[/tex]

Rin=0

[tex]R_{out}=A(t)\div 400 \times (4)\\\\ =A\div 100[/tex]

so,

[tex]dA\div dt=R_{in}-R_{out}\\\\dA\div dt=0- A\div 100[/tex]

So,

[tex]dA\div dt +A\div 100=0[/tex]

A(0)=70

Find out more information about the  Water here:brainly.com/question/4381433?referrer=searchResults

In a large class in statistics, the final examination grades have a mean of 67.4 and a standard deviation of 12. Assuming that the distribution of these grades is normal, the number of passes in a class of 180 is:_________ (if you get a number with decimals points, round up to the next whole number)

Answers

Answer:

The number of passes in a class of 180 is 75.

Step-by-step explanation:

The problem does not state, so I will suppose the passing grade is 70.

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the zscore of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this question:

[tex]\mu = 67.4, \sigma = 12[/tex]

Proportion of students who passed:

This is 1 subtracted by the pvalue of Z when X = 70. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{70 - 67.4}{12}[/tex]

[tex]Z = 0.22[/tex]

[tex]Z = 0.22[/tex] has a pvalue of 0.5871.

1 - 0.5871 = 0.4129

Out of 180:

0.4129*180 = 74.32

Rounding up

The number of passes in a class of 180 is 75.

What is the value of x if f(x) = 76

Answers

Answer:

The roots (zeros) are the  x   values where the graph intersects the x-axis. To find the roots (zeros), replace   f(x)  with  0   and solve for x  

No solution

Plz help fast!!! will give brainiest to first correct answer For which distributions is the median the best measure of center? Select each correct answer.

Answers

Answer:

The top left picture and top right picture

Step-by-step explanation:

(−98)+(−97)+(−96) + ⋯ +(−1)+0+1+2+ ⋯ +98+99+100

Answers

Answer:

  199

Step-by-step explanation:

All of the terms of the sum cancel except the last two.

The total is 199.

Find the volume of a juice box that is 3 inches by 1/12 in by 4 inches

Answers

Answer:

The volume of the box is [tex]1 in^{3}[/tex]

Step-by-step explanation:

This problem is on the mensuration of solid shapes, a box/cube.

Given data

[tex]Length l = 3in\\\\Width w= \frac{1}{12}in \\\\Height h = 4in[/tex]

we know that the expression for the volume of a cube is

[tex]volume= l*w*h\\\\substituting \\\\volume= 3* \frac{1}{12}* 4\\ volume= \frac{12}{12} = 1 in^{3}[/tex]

The decimal $0.76$ is equal to the fraction $\frac{4b+19}{6b+11}$, where $b$ is a positive integer. What is the value of $b$?

Answers

Answer:

The value of b is 19.

Step-by-step explanation:

With what the problem states, we have that:

[tex]\frac{4b + 19}{6b + 11} = 0.76[/tex]

Doing cross multiplication

[tex]4b + 19 = 0.76(6b + 11)[/tex]

[tex]4b + 19 = 4.56b + 8.36[/tex]

[tex]4.56b - 4n = 19 - 8.36[/tex]

[tex]0.56b = 10.64[/tex]

[tex]b = \frac{10.64}{0.56}[/tex]

[tex]b = 19[/tex]

The value of b is 19.

What must be a factor of the polynomial function f(x) graft on the coordinate plane below

X - 6

x - 3

x + 1

x +6

Answers

Answer:

Option D.

Step-by-step explanation:

The given graph represents the function f(x).

If graph of a function f(x) intersect x axis at x=c, then (x-c) is a factor of f(x).

From the given graph it is clear that the graph of f(x) intersect x axis at x=-6,-3,0. It means factors of given function are

[tex](x-(-6))=(x+6)[/tex]

[tex](x-(-3))=(x+3)[/tex]

[tex](x-0)=x[/tex]

It means (x+6), (x+3) and x are factors of given function.

Therefore, option D is correct.

Answer:

The answer is (x+6)

Step-by-step explanation:

Just took the test

Hope this helps

Coaching companies claim that their courses can raise the SAT scores of high school students. But students who retake the SAT without paying for coaching also usually raise their scores. A random sample of students who took the SAT twice found 427 who were coached and 2733 who were uncoached. Starting with their verbal scores on the first and second tries, we have these summary statistics: Try 1 Try 2 Gain n \overline x s \overline x s \overline x sCoached 427 500 92 529 97 29 59Uncoached 2733 506 101 527 101 21 52Use Table C to estimate a 90% confidence interval for the mean gain of all students who are coached.toat 90% confidence.Now test the hypothesis that the score gain for coached students is greater than the score gain for uncoached students. Let \mu_1 be the score gain for all coached students. Let \mu_2 be the score gain for uncoached students.(a) Give the alternative hypothesis: \mu_1 - \mu_20.(b) Give the t test statistic:(c) Give the appropriate critical value for \alpha =5%: .

Answers

Answer:

Step-by-step explanation:

The question is incomplete. The complete question is

Coaching companies claim that their courses can raise the SAT scores of high school students. But students who retake the SAT without paying for coaching also usually raise their scores. A random sample of students who took the SAT twice found 427 who were coached and 2733 who were uncoached. Starting with their verbal scores on the first and second tries, we have these summary statistics:

Try 1 Try 2 Gain

n x s x s x s

Coached 427 500 92 529 97 29 59

Uncoached 2733 506 101 527 101 21 52

Use Table C to estimate a 90% confidence interval for the mean gain of all students who are coached.

at 90% confidence.

Now test the hypothesis that the score gain for coached students is greater than the score gain for uncoached students. Let μ1 be the score gain for all coached students. Let μ2 be the score gain for uncoached students.

(a) Give the alternative hypothesis:

μ1 - μ2.

(b) Give the t test statistic:

(c) Give the appropriate critical value for \alpha =5%:

Solution:

The formula for determining the confidence interval for the difference of two population means is expressed as

Confidence interval = (x1 - x2) ± z√(s²/n1 + s2²/n2)

Where

x1 = sample mean score gain for all coached students

x2 = sample mean score gain for all uncoached students

s1 = sample standard deviation score gain of coached students

s2 = sample standard deviation score gain of uncoached students

For a 90% confidence interval, the z score is 1.645

From the information given,

x1 = 29

s1 = 59

n1 = 427

x2 = 21

s2 = 52

n2 = 2733

x1 - x2 = 29 - 21 = 8

z√(s1²/n1 + s2²/n2) = 1.645√(59²/427 + 52²/2733) = 4.97

90% Confidence interval = 8 ± 4.97

a) The population standard deviations are not known. it is a two-tailed test. The random variable is μ1 - μ2 = difference in the score gain for coached and uncoached students.

We would set up the hypothesis.

The null hypothesis is

H0 : μ1 = μ2 H0 : μ1 - μ2 = 0

The alternative hypothesis is

H1 : μ1 > μ2 H1 : μ1 - μ2 > 0

This is a right tailed test.

b) Since sample standard deviation is known, we would determine the test statistic by using the t test. The formula is

(x1 - x2)/√(s1²/n1 + s2²/n2)

t = (29 - 21)/√(59²/427 + 52²/2733)

t = 2.65

The formula for determining the degree of freedom is

df = [s1²/n1 + s2²/n2]²/(1/n1 - 1)(s1²/n1)² + (1/n2 - 1)(s2²/n2)²

df = [59²/427 + 52²/2733]²/[(1/427 - 1)(59²/427)² + (1/2733 - 1)(52²/2733)²] = 9.14/0.1564

df = 58

c) from the t distribution table, the critical value is 1.67

In order to reject the null hypothesis, the test statistic must be smaller than - 1.67 or greater than 1.67

Since - 2.65 < - 1.67 and 2.65 < 1.67, we would reject the null hypothesis.

Therefore, at 5% significance level, we can conclude that the score gain for coached students is greater than the score gain for uncoached students.

What is the total surface area of the square pyramid below?
14 cm
10 cm
10 cm

Answers:
100 cm
200 cm
250 cm

Answers

Answer: A = 93.8 cm so if you round up it's about 100 cm

Step-by-step explanation:

Area means you have to multiply all measurements by each other in any order of course because it doesn't matter in this case.

                                    14 * 10 * 10     =     1400

Now you can/should divide the answer which is (1400) by how many measurements you have times the sides it has, sides - which is 5 , measurements - which is 3, so it would look like this:

                                     1400   /    15    =    93.8

A cereal box has a volume of 450 cubic cm. The length and width are 43 cm and 12 cm. HOW can you find the height? PLEASE HELP ME!!
WILL GIVE BRAINLIEST!!!

Answers

Answer:

Step-by-step explanation:

Volume of a rectangular prism=length x width x height

450=43*12*x

x=0.87209cm

Which of the following is a property of translations that is not also a property of other types of rigid motions? (1) they map line segments to other line segments of equal length (2) they map angles to other angles of the same size (3) they map lines to parallel lines (4) they map lines to perpendicular lines

Answers

Answer:

3 I think it's 3. sorry if I'm wrong

The correct answer is (3) they map lines to parallel lines

Transformation is the movement of a point from the initial location to a new location. Types of transformation is rotation, reflection, translation and dilation.

Translation is the movement of a point up, down, left or right in the coordinate plane.

Translation is a rigid transformation, that is, it preserves the size and shape of the figure. Reflection and rotation are also rigid transformation.

Translation maps lines to parallel lines whereas rotation does not since it changes the direction of the line.

Find out more at: https://brainly.com/question/11707700

Which of the following graphs Represents the equation above -3x+ 2 y=

Answers

It should be w.
Aka the first one.
Hope this helped:)

If x^6=20 and w^10=20, what is x^12 w^-10?

Answers

Answer:

[tex]x^{12} =400[/tex]

[tex]w^{-10} =\frac{1}{20}[/tex]

Step-by-step explanation:

[tex]x^{6} =20[/tex]

[tex]x^{12} =(x^{6} )^{2} =20^{2} =400[/tex]

[tex]w^{10} =20[/tex]

[tex]w^{-10} =\frac{1}{w^{10} } =\frac{1}{20}[/tex]

[tex]x^{12} *w^{-10} =400*\frac{1}{20} =20[/tex]

Triangle ABC was dilated and translated to form similar triangle A'B'C'.

On a coordinate plane, 2 triangles are shown. Triangle A B C has points (0, 2), (2, 2), and (2, 0). Triangle A prime B prime C prime has points (negative 4, negative 1), (1, negative 1), and (1, negative 6).

What is the scale factor of the dilation?

One-fifth
Two-fifths
Five-halves
5

Answers

Answer:

Dilation is done by the scale factor of Five-halves.

Step-by-step explanation:

Please refer to the image attached,

The graph clearly shows the triangles [tex]\triangle[/tex]ABC and [tex]\triangle[/tex]A'B'C'.

Let us calculate the sides of triangles first then we will be able to find scale factor of dilation.

Using the distance formula:

Distance between 2 points [tex]P (x_1,y_1) \text{ and } Q (x_2,y_2)[/tex] is given by formula:

PQ = [tex]\sqrt{(x_2-x_1)^2+(y_2-y_1)^2}[/tex]

Side AB is along x-axis, side AB =

[tex]\sqrt{(2-0)^2+(2-2)^2}\\\Rightarrow \sqrt{4}\\\Rightarrow 2\ units[/tex]

Similarly side, BC = 2 units

Now, in [tex]\triangle[/tex]A'B'C', A'B' can be calculated by distance formula:

[tex]\sqrt{(1+4)^2+(-1- (-1))^2}\\\Rightarrow \sqrt{25}\\\Rightarrow 5\ units[/tex]

B'C' = 5 units

The ratio of sides:

AB : A'B' = 2:5

[tex]\Rightarrow \dfrac{AB}{A'B'} = \dfrac{2}{5}\\\Rightarrow A'B' = \dfrac{5}{2} AB[/tex]

So, scaling factor is [tex]\dfrac{5}{2}[/tex] or 2.5.

OR

Scaling factor is Five-halves.

Answer:

The answer is C on Edge.

Step-by-step explanation:

Need helppppp asapppp

Answers

The answer is C. 65........

Answer:

25

Step-by-step explanation:

The angle of an arc is the same as the central angle. MarcCD is the same as the central angle COD which is given as 130o.

That means there are 50 degrees left for COA and DOA and because the chord and the diameter are equal, COA = DOA

That means that COA is 1/2 what is left over from 180 when 130 is subtracted from it.

1/2 * 50 = 25

The answer is A 25.

Given the following exponential function, identify whether the change represents
growth or decay, and determine the percentage rate of increase or decrease.
y = 940(1.89)

Answers

Answer:  The change represents  growth with 89% of growth rate.

Step-by-step explanation:

The exponential function is given by :-

[tex]f(x)= Ab^x[/tex]... (i)

Where , A = initial value , b= multiplicative factor and  x= time period

We call 'b' growth factor when b>1, we can write b= 1+r , where r is the rate of growth.We call 'b' decay factor when b<1 , we can write b= 1-r , where r is the rate of decay.

The given function : [tex]y = 940(1.89)^x[/tex].

By comparing this to (i) , we get

b= 1.89 > 1 , thus it represent the growth.

Also,

[tex]b= 1+r\Rightarrow\ 1.89 = 1+r\\\\\Rightarrow\ r=1.89-1=0.89[/tex]

i.e. Percentage rate of growth = 0.89 x 100 = 89%.

Please help



Blake is going to invest in an account paying an interest rate of 1.5% compounded quarterly. How much would Blake need to invest, to the nearest dollar, for the value of the account to reach $910 in 10 years?

Answers

Answer:

A, of money in the account after 3 years subject to interest ... If you deposit P dollars at rate r, in decimal form, subject to compound interest paid

Step-by-step explanation:

Please answer this multiple choice question !! Will give brainliest !!

Answers

Answer: they deleted my answer but here is how to do it If that helps some

Step-by-step explanation:

way to solve a linear system algebraically is to use the substitution method. The substitution method functions by substituting the one y-value with the other. We're going to explain this by using an example.

y=2x+4

3x+y=9

We can substitute y in the second equation with the first equation since y = y.

3x+y=9

3x+(2x+4)=9

5x+4=9

5x=5

x=1

This value of x can then be used to find y by substituting 1 with x e.g. in the first equation

y=2x+4

y=2⋅1+4

y=6

The solution of the linear system is (1, 6).

You can use the substitution method even if both equations of the linear system are in standard form. Just begin by solving one of the equations for one of its variables.

LA=
Round your answer to the nearest hundredth.
A
2
5
B

Answers

Answer:

I'm not so clear with the question but I hope this helps

Other Questions
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